Daily Market Updates: Nifty Bank rises 1.4% in morning trade after Q2 updates

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Nifty Bank rises 1.4% in morning trade after Q2 updates

Banking stocks gained early on Monday, Oct. 5, as Q2 business updates and CEO appointment announcements supported sentiment, before some shares fell later on profit booking.

Reported · Written up by our desk · North America

Banking stocks including HDFC Bank, YES Bank, and AU Small Finance Bank posted gains in early trading on Monday, Oct. 5, after Q2 business updates and CEO appointment news influenced market sentiment, according to LiveMint Markets.

Nifty Bank rose 1.4% in the morning session to an intraday high of 55,192.65, with HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, YES Bank, and AU Small Finance Bank among the top gainers.

Some of those stocks later slipped into negative territory as the session progressed, driven by profit booking.

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Sources

LiveMint MarketsHDFC Bank, YES Bank, AU SFB: Bank stocks jump; Bank Nifty up over 1% - Q2 business updates, share price rally explained

Global Markets

Nifty Bank rises 1.4% in morning trade after Q2 updates

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Sources

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