Bankex makes the most of market rally

News Flash

For full coverage of Budget 2009, log on to Budget.ndtv.com
CUTS BPLR BY 25 BPS TO 12% WITH EFFECT FROM JULY 25
SMS BOS < space > stock query at 56388
EUROPEAN MKTS DROP FOR 3RD STRAIGHT WEEK; DAX DN 1.4% FOR THE WEEK
EUROPEAN STOCKS DROP FOR 3RD STRAIGHT WEEK; DAX DN 1.4% THIS WEEK
RNRL ASKS SUPREME COURT TO DIRECT RIL TO IMPLEMENT BOMBAY HC ORDER
RNRL FILES PETITION IN SC SEEKING MODIFICATIONS TO BOMBAY HC ORDER
RIL MOVES SUPREME COURT CHALLENGING BOMBAY HIGH COURT JUDGEMENT
RIL ALLEGES THAT BOMBAY HC ERRED IN DECIDING QUANTITY, TENURE, PRICE OF GAS
ALL ABOUT ADS, CANNES SPECIAL ON NDTV PROFIT ON SUNDAY 1.30PM
Surprise your loved ones with flowers.log onto NDTVgifts.com
Free shipping in 500 cities. Log onto NDTVgifts.com
For midnight delivery of gifts log onto NDTVgifts.com
For budget news, SMS BUD to 56388
Call us at 011-26201171
Email us at buyorsell@ndtv.com
BUDGET BUILD UP- INDIA'S TOP MINISTERS: AT 1 PM & 10:30 PM, SUN 3 PM
BUDGET BUILD UP- INDIA'S TOP MINISTERS: AT 1 PM & 10:30 PM, SUN 3 PM
BUDGET BUILD UP- INDIA'S TOP MINISTERS: AT 1 PM & 10:30 PM, SUN 3 PM
BUDGET BUILD UP- INDIA'S TOP MINISTERS: AT 1 PM & 10:30 PM, SUN 3 PM
TO EMPLOYEES: NEED TO UNDERSTAND THAT CO IS IN DIRE FINANCIAL STRAITS
IF FUEL AND BANK LIABILITIES ARE NOT PAID ON TIME, THE OPS COULD STOP
FOREIGN FUNDS NET BUY RS.210.82 CR IN EQUITIES ON JULY 3 (PROVISIONAL)
DOMESTIC FUNDS NET BUY RS.298.58 CR IN EQUITIES ON JULY 3 (PROVISIONAL)
RIL YET TO CHALLENGE BOMBAY HC ORDER WHICH WAS IN FAVOUR OF RNRL IN SC
RIL FILES A CAVEAT IN SC IN RESPONSE TO RNRL'S SPECIAL LEAVE PETITION
CLB ORDER IN THE MATTER OF MAHINDRA SATYAM EXPECTED ON MONDAY
RIL FILES A CAVEAT IN SC IN RESPONSE TO RNRL'S SPECIAL LEAVE PETITION
CLB ORDER ON THE MATTER EXPECTED ON MONDAY: SOURCES
OPEN TO 1-2 GOVT NOMINEES TO BE RETAINED FOR INVESTIGATION PURPOSE

Updated: 25/03/2008 | 12:00 AM IST

Banking

Capital Market

Tuesday, March 25, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

The BSE Sensex was up 543.88 points or 3.55% to 15,832.78 on easing credit worries in United States following JP Morgan Chase and Co's improved offer to buy Bear Stearns.

All sectoral indices on BSE advanced. The BSE Consumer Durables index (up 3.76% to 3,623.69), the BSE Power (up 3.90% to 3,078.44), the BSE Metal index (up 4.22% to 13,327.18), the BSE Realty index (up 4.42% at 7,106.81), the BSE Oil and Gas index (up 3.08% to 10,030.26), and the BSE IT index (up 4.67% to 3,581.80), outperformed the Sensex.

The BSE Auto (up 1.89% at 4,487.51), the BSE Health Care index (up 1.83% at 3,746.29), the BSE Capital Goods index (up 3.45% at 13,682.39), The BSE TecK index (up 4.46% to 3,051.43), the BSE PSU index (up 2.89% to 7,416.27), the BSE FMCG index (up 1.25% at 2,207.35), underperformed the Sensex.

The BSE Bankex had underperformed the market over the past one month till 24 March 2008, declining 23.70% compared to the Sensex’s fall of 11.87%. It had also underperformed the market in the past one quarter, declining 30.24% compared to Sensex’s decline of 22.99%.

ICICI Bank (up 6.02% to Rs 854), State Bank of India (up 4% to Rs 1712), Axis Bank (up 10.10% to Rs 790.20), and HDFC Bank (up 3.56% to Rs 1385), were the key gainers from BSE Bankex.