Stock Market News | Market Trends -

Thanks to the global recession, stock markets have been through a rough patch for quite some time now. The markets seem to be improving now and yesterday was certainly a great day for all who have been noticing their investment in slumps. Sensex hit its highest value in more than year yesterday.

It thought it would be a good idea to read the behavior of Indian banks and how they have been faring in the last one year. The data was taken from MoneyControl.

SBI: Owned by Government of India and is the largest bank in India. It has a wide range of products and boasts of one of the highest number of ATM’s in the country. SBI has the highest stock value among all the other Indian banks. In the last one year the quote for SBI went as low as 894 and was highest at 1935. The stock values of SBI kept going down from July 08 to March 09 where it reached its least value in the past one year and kept coming up till mid of June. it hasnt fluctuated much since then.

ICICI Bank Second largest bank in India with a wide range of financial products and an excellent cutomer service. The movement for ICICI has been quite eratic in the last one year and it went to as low as 252.75 in the last one year. ICICI grew steadily from mid March to mid May and remained above 600 then on.

HDFC Bank One of the largest bank in India which became commercial in Aug 1994 after RBI allowed the establishment of private sector banks. HDFC Bank has been quite stable in its performance and has not really got affected a lot by the market conditions. The stock value went the lowest in March and started growing steadily rising close to 1600 points.

Punjab National Bank Happens to be the first bank to be started with indian Capital in 1894 in Lahore. It has grown to be one of the finest mainstream Indian Banks. Punjab National Bank has actaully seen quite a growth despite the recession. Their stock value has grown in the last year. They stayed stable till December and went lowest in March to come up strong.

Bank of India This nationalized bank was founded in 1906 by a businessman in Mumbai. The bank has grown to be one of the most saught after nationalized banks with a huge indian and international operations. Bank of India has also been stable for the last year compared to its peers. Their lowest in March wasnt as steep a drop as most of the other bank experienced.

Canara Bank The bank holds the stature of being one of the premier banks with a combination of commercial and social banking. Canara bank has been trading in the bracket 120 to 300 and havent really fluctuated much in the last one year. Their movement though eratic has been within close limits.