Why bank sector was down today?

Why bank sector was down today?

Go and ask Axis

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Oh…man … This is the million dollar question I have been asking myself since early morning

Two War Ship entered AXISBANK Loan Book :joy:

Quarterly Results in the banking sector started with Axis bank. Axis bank has announced:
Gross NPA increased to 5.9 percent from 5.03 percent (QoQ)
Net NPA increased to 3.12 percent from 2.3 percent (QoQ)
Higher provisions at Rs 3,104 crore from Rs 2,342 crore (QoQ).

Overall, NPA issue is being expected to creap up in all the bank quarterly results ahead, which got reflected in selling of banking stocks today.

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SouthBank did quite well today. Made 4 quick sales and 5th sold at minor loss.

If I short a bank stock today and when it square off if Zerodha is unable to find a buyer what will happen friends?

Sorry…I am buying back the quantity…no need to find any buyer…My head…