Market Movers: Dalal Street is picking sides among private banks Today investors made it clear that within the banking space their money is on ICICI Bank, instead of market darlings HDFC Bank and Kotak Mahindra Bank. Shares of ICICI Bank ended 1.3 per cent higher even as the Nifty Bank slumped 0.8 per cent.
Biggest gainers & losers of the day: Century Textiles shines, beverage stocks fall Selling pressure in banking and financial players dragged the markets lower as investors awaited the Fed meets outcome scheduled later in the day. Jitters over Chinese clampdown on tech firms, too, dampened the sentiments.
F&O: Declines are getting bought, but spike in the VIX is a worry now Nifty50 formed a bearish candle on daily scale with long lower shadow, indicating that every decline was quickly bought. It has been forming lower highs since the last three sessions but is now holding above its 50 DMA.