Bank Nifty hit its lowest level in 2 months
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Banking futures were among the worst hit in the derivatives space on Friday as sustained profit booking and short sales saw the sectoral benchmark falling below the crucial 200-day moving average.The
Among Futures, Yes Bank was down 4.4 percent;
Oriental Bank shed 4.4 percent as well.
Bank of India fell 4.3 percent;
Bank of Baroda lost 2.4 percent;
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and IndusInd gell 3.1 percent;
Open Interest rose between 5.4 percent and 9.5 percent for banking futures.
(Image credits: Indiatimes)
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