Money on the markets

A maturing market amid the mayhem

BSE Banking Index dips

December 9, 2010

INDIA-STOCKS/2PCT

The BSE Sensex fell 2.3 percent on Thursday, with banking shares leading losses as fears of foreign funds’ withdrawals in the absence of any positive trigger weighed on investors’ minds.

State Bank of India and ICICI Bank led the decline in the broader market, dropping 4.3 percent and 4.4 percent respectively.

Shares in the banking index have gained over 20 percent so far this year, but any further monetary action by the Reserve Bank of India will weigh on the sector.

Do you think it is the right time to invest in this sector?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •