Here's how Banking stocks did today

Indian Banks plunged further in trade on Wednesday as traders remained net sellers on the sector suffering from rising non performing assets and an increasing scrutiny from the Reserve Bank of India. The following stocks hit fresh 52-week lows in the industry:

Bank of India
Federal Bank
ICICI Bank
State Bank of India
Punjab National Bank

20 out of 22 Banking futures dropped between 0.2-5.1 percent. Open Interest rose between 0.5 percent to 22.8 percent

PSU banks faced the brunt of selling:

Union Bank plunged 5 percent
Punjab National dropped 4 percent
State Bank of India lost 3.6 percent.

Private sector banks were hit equally strongly:

Axis Bank dropped 2.5 percent
ICICI Bank was down 2.1 percent
Yes Bank fell 1.1 percent.

Image credit: Indiatimes