HDFC Bank and Kotak Mahindra Bank put together help BSE Bankex stay in green
Huge long built up is seen in HDFC Bank and Kotak Mahindra Bank while short built up seen in SBI.
The markets are in uptrend with the frontline indices making fresh life highs on Thursday. The participation is much broader on Thursday when compared to Wednesday trading session with the likes of Bharti Airtel , HCL Tech , Tech Mahindra and ITC contributing most to the BSE Sensex gains.
HDFC Bank and Kotak Mahindra bank are the outright outperformers on thursday with both the stocks put together helping BSE Bankex stay in green.
Bandhan Bank, HDFC Bank and Kotak Mahindra Bank are the only components of BSE Bankex that are trading in green on Thursday while SBI, Indusind Bank, Federal Bank and ICICI Bank are all trading deep into the red on Thursday , on an intraday basis.
Huge long built up is seen in HDFC Bank and Kotak Mahindra Bank while short built up seen in SBI. SBI made life highs on Wednesday and is trading down by more than 3 per cent on Thursday.