Stockstrokes Stock Market News On 15th Mar 2013
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ICICI Bank fell 3.8 %, while HDFC Bank ended 1.1 % lower.
*The finance ministry P Chidambaram and the RBI are investigating allegations of money laundering practices at top private sector lenders ICICI Bank, HDFC Bank and Axis Bank.
*ICICI Bank Ltd, HDFC Bank Ltd, and Axis Bank Ltd said on 14th March, they were investigating the allegations but defended their internal controls aimed at preventing money laundering.
Shares of the three lenders fell on Friday with ICICI Bank down 4%, HDFC Bank down 1.7%, and Axis Bank down 0.9%.
Shares of the three lenders fell briefly on Thursday 14th March but recovered to end the session with gains following lower-than-expected core inflation data.
The Sensex provisionally fell 0.78 per cent, while the Nifty ended down 0.57 per cent.
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