The rapid retreat recorded in bank stocks behind the constant hammering of funds

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MUMBAI: The BSE Bankex Index fell 4.5 points to close at 7.5 today as funds hammered into banking-finance stocks at the Bombay Stock Exchange.

Today, Federal Bank fell by Rs 4.5 to Rs 4.5, State Bank of India by Rs 19.50 to Rs 205.5, AU Small Finance Bank by Rs 4.5 to Rs 1,205, Kotak Mahindra Bank by Rs. Citi Union Bank was down by Rs 5 to Rs 19, Axis Bank was down by Rs 12.5 to Rs 5 and IndusInd Bank was down by Rs 10.05 to Rs 4.55.

Along with this, Ujjivan Small fell by Rs 4.5 to Rs 19.50, Ujjivan Financial fell by Rs 2.10 to Rs 19.50, Indiabulls Housing Finance fell by Rs 13.5 to Rs 5, IDFC First Bank fell by Rs. 30 fell to Rs 21.5, Religare Enterprises fell by Rs 4.5 to Rs 12.5, Bank of Baroda fell by Rs 2.50 to Rs 2.15, UTI AMC fell by Rs 5 to Rs 109.50, Bank Of India fell by Rs 4.5 to close at Rs 3.15.

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