The banking barometer plunged sharply on Thursday, about 631 points from its new peak of 41,840.15 but did not breach the 41,000-mark.For the day, the bank index closed at 41,209.20, dropping 196.2 points or 0.47 per cent from its previous close. Here’s how analysts read the Nifty Bank pulse.
LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore
LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore.