Stocks related to the banking sector were trading higher, as the Reserve Bank of India (RBI) has said India’s banking sector is resilient and stable, and the central bank maintains constant vigil on the lenders amid concerns over banks’ exposure to the embattled Adani Group.
Bank of Baroda is currently trading at Rs. 168.20, up by 4.55 points or 2.78% from its previous closing of Rs. 163.65 on the BSE.
State Bank of India is currently trading at Rs. 545.80, up by 1.35 points or 0.25% from its previous closing of Rs. 544.45 on the BSE.
Axis Bank is currently trading at Rs. 882.95, up by 0.20 points or 0.02% from its previous closing of Rs. 882.75 on the BSE.