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Bank stocks tumble post Budget speech; PNB, SBI down over 5%

By IRIS

28th February 2013 03:18 PM

Bank stocks plunged on Thursday as Finance Minister P Chidambaram's Union Budget proposal is not being well received by the market. Soon after the FMâ™s speech, the market started to lose all its gains.

PNB plunged the most withfall of 5.42% followed by State Bank of India (5.02%), Bank of Baroda (3.04%), ICICI Bank (3.84%), Yes Bank (2.63%), Axis Bank (2.70%), Federal Bank (1.41%) and Indusind Bank (1.08%).

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Comments(2)

I am holding good number of shares of SBI. Current price looks attractive. Do you suggest bying at this stage? this will give me good avg rate PL advise

Posted by suhas at 02/28/2013 19:21 Reply to this Report abuse

you can buy are you 2000. Yes it is in an accumulation.......!

Posted by Rahul Pandya at 03/03/2013 23:27 Reply to this Report abuse

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