Bank Nifty is trading marginally higher by 0.26% at 23476 level as of 1149 hours on Wednesday. Bank stocks are trading flat with some positive sentiments ahead of Reserve Bank of India’s monetary policy committee.
ICICI Bank was the top gainer in the Bank Nifty index trading higher by 1.44% at Rs 323.55 per share near its 52-week high of Rs 327.4 per share. Currently, the stock is top contributor to Sensex gains.
Various bank officials while talking to leading business news agencies said that they RBI is likely to continue its ‘neutral’ stance in today’s monetary policy announcement. They believe that RBI is done with the rate cuts and do not see any further cuts.
Meanwhile, Bank Nifty have touched its fresh 52-week high of 23536 level in Tuesday’s trading session.
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