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Banking shares tank on continued worries about weakening economic growth

28 Aug 2012 Evaluate

Continued worries about weakening economic growth at a time when parliament proceedings remain deadlocked, has dragged banking index lower in today's trading session again. Meanwhile, street is widely expecting India's economy to have grown 5.3 percent in the April-June quarter, unchanged from January-March quarter. GDP data is due to be released on August 31,2012.

Federal Bank is currently trading at Rs 401.65, down by 12.85 points or 3.10% from its previous closing of Rs 414.50 on the BSE. The scrip opened at Rs 406.90 and has touched a high and low of Rs 406.90 and Rs 400.40 respectively. So far 10578724 shares were traded on the counter.

Union Bank of India is currently trading at Rs 152.40, down by 2.50 points or 1.61% from its previous closing of Rs 154.90 on the BSE. The scrip opened at Rs. 155.20 and has touched a high and low of Rs. 155.50 and Rs. 151.30 respectively. So far 77461 shares were traded on the counter.

Axis Bank is currently trading at Rs. 1013.65, down by 25.25 points or 2.43% from its previous closing of Rs. 1038.90 on the BSE. The scrip opened at Rs. 1042.00 and has touched a high and low of Rs. 1042.00 and Rs. 1010.70 respectively. So far 122780 shares were traded on the counter.

ICICI Bank is currently trading at Rs 922.75, down by 12.70 points or 1.36% from its previous closing of Rs 935.45 on the BSE. The scrip opened at Rs 935.10 and has touched a high and low of Rs 939.90 and Rs 919.10 respectively. So far 164223 shares were traded on the counter.

Federal Bank Share Price

294.40 5.40 (1.87%)
05-May-2026 13:24 View Price Chart
Peers
Company Name CMP
HDFC Bank 771.50
ICICI Bank 1254.90
Axis Bank 1266.55
Kotak Mahindra Bank 373.60
Indusind Bank 912.00
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