Money on the markets

A maturing market amid the mayhem

Bank stocks post healthy gains

September 9, 2010

INIt was a good trading session for banking counters, with the BSE banking index gaining more than 2 percent and ending as the top sectoral gainer, as fund managers bet the sector would benefit from a booming domestic economy.

Shares in Bank of India gained 5.4 percent to end as the top Bankex gainer, followed by IDBI which gained 4.3 percent.

Among bigger players, ICICI gained 2.5 percent, HDFC Bank was up 2.6 percent, and SBI jumped 3 percent, boosting the Sensex which ended 133 points higher.

Since July, the banking index has gained 20.6 percent. Would you invest in this space right now?

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