India's Nifty Bank index falls, eyes first weekly drop in four

AU Small Finance Bank

06/09/2024 07:46

** Nifty Bank index  .NSEBANK  falls 1.2% on Friday, down
0.9% this week
    ** Index on track to end three-week winning streak if trend
holds
    ** State Bank of India  SBI.NS  biggest loser on index after
Goldman Sachs downgrades lender's stock to "sell" from "neutral"
and cuts PT
    ** AU Small Finance Bank  AUFI.NS  only stock on index that
is up, rises 0.8%
    ** Benchmark Nifty 50 index  .NSEI  down ~1% on the day on
caution ahead of U.S. jobs data; index down 1.2% this week, also
set to end three-week winning streak
    ** Bank index up 4.7% YTD vs 14.7% climb in Nifty 50

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))