A maturing market amid the mayhem
Banking index gains
The BSE Banking index rose 2.12 percent on Thursday as investors were optimistic about longer-term loan demand outlook in the economy.
Leading the index was IDBI Bank, which gained 5.2 percent, closely followed by SBI which ended 4.98 percent higher. Private sector lender ICICI gained 2 percent.
Only two stocks in the index – Union Bank and Yes Bank – ended in the red.
The banking sector index has risen close to 50 percent so far in 2010. Will you invest in this sector now?