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Bad day for banking stocks

May 23, 2011

It was a weak day of trade for banking counters as the BSE Bankex ended down 2.85 percent.

All stocks in the index ended in red, with Canara Bank ending as the top loser with losses of over 4 percent. Top banks like ICICI dropped 3.6 percent while SBI slipped nearly 3 percent.

Rate hike worries are weighing on this sector. Do you think it is a good time to invest in this sector?

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