Bank Indices at Focul Point.

0516_bank_stock_picks_inside_smallToday at 11:17 AM, Morning Opening Bell Share Market opens in red, Sensex was trading at 27818.98 down 65 points or a change of (-0.24%) decreasing shares of Cipla, HUL, Hindalco, Sun Pharma, Wipro. Nifty drift around its psychological level of 8440.80

The rupee fell to a 3 & a half month low in early trade on Tuesday as considerations over retrospective taxation loomed among foreign investors, whereas weak Asian peers and broad dollar strength additional to the pressure.

S&P BSE Bankex are in range today, it shown in green, People can invest in Bank Shares, and could earn profit by investing.

Buy IDBI Bank with a target of Rs 90 and a stop loss of Rs 77.

Sell Yes Bank with a target of Rs 753 and a stop loss of Rs 804.

Sell HDFC Bank with a target of Rs 955 and a stop loss of Rs 1,026.