- By Aditya Pratap Singh
- Thu, 21 Nov 2024 04:12 PM (IST)
- Source:JND
Banking Stock Share Price Today: The stock market was shaken due to a heavy fall in all of Adani Group's stocks after United States prosecutors labelled serious allegations of bribery and fraud upon Gautam Adani, chairman of Adani Group, his nephew Sagar Adani and others. While the Adani-US fraud and bribery saga was the key component in the dragging share market today, turbulence in banking stocks stretched the downward trend a bit more. Key banking shares, BOB, PNB, and SBI- tumbled up to 7% in intraday trade following a heavy sell-off.
However, Experts believe that the banking stocks- especially PSU's bank- came under pressure amid allegations on Gautam Adani as they have a huge loan exposure to Adani Group's companies.
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SBI share price tumbles over 5%
The shares of the State Bank of India, the largest public sector bank, plunged over 5% on Thursday in intraday trade to hit today's low of Rs 761.55 per share on NSE. However, it rebounded in afternoon trade and closed 2.75% lower at Rs 780.90 on NSE.
Bank Of Baroda Share Price
Among public sector banks, the shares of Bank of Baroda slumped the most in the intraday trade on Thursday. It fell up to 7% to hit an intraday low at Rs 219.85 per share on NSE. The banking stock settled at Rs 228.70, falling 3.58 per cent or 8.50 rupees against the previous day's closing price.
PNB Share Price
The shares of Punjab National Bank tumbled up to 6% in today's market crash. The stock hit an intraday low at Rs 94.81 per share and closed at Rs 96.60, down 4.22 per cent or 4.26 rupees against the last closing price on NSE.
Central Bank Share Price
The shares of Central Bank fell over 3% in intraday trade on Thursday. In the trading hours, the stock hit an intraday low of Rs 50.93 per share. At the closing time, the banking stock settled at Rs 51.60 per share, down 1.99% on NSE.