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On the technical charts, the 200-day moving average of the stock stood at Rs 2362.53.

“The position of the government with regard to the NMDC is quite clear it is not divesting anything from the NMDC stake. We are of course going for the strategic divestment of the Nagarnar Steel Ltd. which has been de-merged from NMDC now. That is the only thing on the offer as far as the NMDC is concerned.”

The stock quoted a 52-week high price of Rs 730.0 and low of Rs 397.3.

HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 887875.23 Crore).

A total of 7,783 shares changed hands on the counter till 12:56PM (IST).

The stock quoted a 52-week high price of Rs 1571.0 and a 52-week low of Rs 983.7.

Nifty Bank was trading at 40,551.60 at 10:10 am and was down by 705.15 points or 1.71%. All 12 stocks in the index were in the red. While Punjab National Bank (PNB) was the top loser (-2.26%), heavyweights including HDFC Bank, ICICI Bank, and State Bank of India engineered the collapse not just in the Bank Nifty but also in the broader market Nifty50.

The lenders cumulatively hold 36.12% stake in YES Bank. This does not take into consideration the stake of Bandhan Bank and Federal Bank as their holding has dropped below 1% and was therefore not visible in the shareholding pattern.

The Relative Strength Index (RSI) RSI is at 71.6. RSI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

On the technical charts, the RSI of the stock stood at 52.0.