Indian Share Market

ProMASS News Bureau: Aug 19, 2016: Indian share market is hovering in red zone. Both the Sensex and Nifty are down. While banking sector, particularly SBI, ICICI Bank shares are gainers in today’s trade,  HDFC, Adani Ports, coal India are major losers in Sensex. Also it is important to note that MF allocation for banking sector stock slumped at the end of July due to rising NPA of Banks. Notably bank’s NPA climbed up by 8.5% in Q1. However, a many experts believe that banking stocks like SBI etc may accrue good return.  It is expected the SBI may become stronger after merger.