Banking Stocks news: HDFC Bank, Kotak Mahindra Bank, and SBI lead gains as banking stocks keep the market positive

As of 9:30 AM, the banking sector saw a mix of minor gains and losses, with HDFC Bank and Kotak Mahindra Bank leading the gains:

  • HDFC Bank rose 0.47% to ₹1,676.50.
  • Kotak Mahindra Bank increased 0.31% to ₹1,851.70.
  • State Bank of India (SBI) was up 0.52%, trading at ₹787.10.
  • IndusInd Bank gained 0.34%, trading at ₹1,472.50.

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On the other hand, Axis Bank opened lower, down 0.07% at ₹1,230.45.

Other key performers included ICICI Bank with a slight rise of 0.06% to ₹1,269.15, while Bank of Baroda and Canara Bank were up 0.08% and 0.38%, respectively.

The banking sector continues to show resilience amidst broader market movements, with gains primarily led by heavyweight banks.