Banking stocks rose for the second day after the Reserve Bank of India (RBI) announced a reduction of 75 basis points in banks' cash reserve ratio (CRR) there by easing liquidity situation in the banking system. Today Kotak bank and Axis bank gained highest by 1.45% and 1.27% respectively and Bank of Baroda was highest loser by 1.25%
However today banknifty's volatility was low and after 12.00 pm its activity was centered near 10700 (+/- 20 points) only.
Tomorrow agni level of 10727 is important to cross for further up move towards 10900-11000
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