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Indian Stock Market started positive, Bank Nifty Weak

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Indian stock Market started positive on Thursday Morning session, Housing Development Finance Corporation shares ganied, at 11:30 pm the stock traded near 819 up 19%, HDFC Bank up gained 1.84% and axis Bank shares gained 1%.
As RBI increased CRR big banks started their deposit rates, HDFC bank increased their deposit rate by 100 basis points, Axis Bank hiked their deposit rates by 50-225 basis points.

Banking stocks strengthened but traded near overbought level, Bank Nifty traded 0.16% lower, HDFC Bank, Axis Bank, ICICI Bank give support to index.

Nifty stock tips

View user profile http://www.moneymakerfinancial.com

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