Investors opted for profit booking in the banking sector as the Reserve Bank of India (RBI) introduced new norms for personal loans, signalling potential challenges for lending institutions. RBI tightened the risk weightage norms for banks and non-banking financial companies (NBFCs) aimed at curbing unrestricted growth in unsecured loans.
On Thursday, 2011 stocks advanced, 1740 declined and 123 remained unchanged, with an advance decline ratio of 1.15 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
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