MUMBAI, January 16: Share prices fell in unofficial kerb deals after the closure of the market. This follows the announcement by RBI to hike bank rate and the cash reserve ratio. Even the bank shares, which were witnessing a bullish trend during the official trading hours, came under bear grip.ITC declined from the official closing of Rs 592.50 to Rs 586, Reliance from Rs 156.75 to Rs 154.50, Tata Tea from Rs 407.50 to Rs 401.50 and SBI from Rs 247.50 to Rs 244.50 on selling pressure.Institutional buying led by UTI and LIC Mutual Fund saw banking stocks trade with renewed vigour. Most bank stocks shot up by seven to nine per cent. ICICI Bank and HDFC Bank were among the top gainers. ICICI Bank closed at Rs 45, recording a gain of 9.76 per cent, while HDFC Bank closed with a gain of 9.66 per cent at Rs 79.50 and Corporation Bank closed with a gain of 7.86 per cent at Rs 108.50. SBI closed at Rs 247.50, registering a gain of 3.99 %.
