Investors remained bullish towards banking stocks as the Reserve Bank of India commenced monetary policy meeting from Wednesday. Nifty Bank Index touched a level of 23,036.20, up by 0.6%. The sectoral Index opened at 22,836.95 level.
Among the gainers, Bandhan Bank led the rally with Rs 314.55, rising 2.79%, followed by HDFC Bank at Rs 1,162.25, up by 1.59% on closing.
Punjab National Bank closed down by 2.12% at Rs 27.75, whereas RBL Bank fell 2.05% to Rs 177.10. Stocks like Axis Bank and ICICI Bank gained almost 1% intra-day.
Earlier, RBI was scheduled to meet on September 29, 30 and October 01, 2020. The MPC began the monetary policy session from October 07, 2020, which would be followed by the result on October 09, 2020.
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RBI