Equity benchmark indices came off the day’s high in the afternoon trade, with the Sensex was up 248 points and the Nifty50 index also up 82 points. Gains in the banking, auto, metal, media and realty space boosted indices.
On the economy front, Finance Minister Nirmala Sitharaman will meet private sector banks, NBFCs and Housing finance companies today. HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank are expected to attend and some select HFCs and NBFCs are also likely to be there, as per media reports.
ICICI Bank’s M-cap inched towards Rs3 trillion-mark as the stock of the private sector lender hit a new high of Rs458.45 on the BSE in the intra-day deals.
Bank of Baroda surged 3%, followed by IDFC First Bank, PNB, Kotak Mahindra Bank and IndusInd Bank are also trading higher in the range of 3-1% respectively.
Only Yes Bank shares are trading in the negative territory despite the company receiving strong interest from multiple foreign as well as domestic private equity & strategic investors for the proposed capital raise and it remains firmly on course to raising growth capital subject to the necessary approvals.
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