State-run banks jump; BJP, allies tipped to win big

Tags: Companies
The NSE Bank sub-index surged as much as 10.6 per cent to hit a life high of 15,742.05 as state-run banks surged after election results showed the BJP and its allies headed for the biggest electoral victory the country has seen in 30 years.

Canara Bank vaults 14 percent, Union Bank of India jumps 9 percent, Indian Bank surges 9.1 percent and Andhra Bank 11.6 percent.

Valuations at multi year lows, some of the state-run banks are available at 0.6-0.7 times of their book value, is also seen helping, dealers say.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture