Bank shares in a big demand; Indusind Bank jumps almost 7 pieces

New -Delhi, April 15 (PTI) bank shares were in the spotlight on Tuesday, with Indusind Bank rising nearly 7 percent, in line with a rally in the broader market. Shares of Indusind Bank jumped 6.84 percent, Axis Bank rose 4.18 percent, HDFC Bank climbed 3.23 percent and ICICI Bank rose 2.86 percent on the BSE. The stock of Canara Bank advanced 2.40 percent, Yes Bank (2.10 percent), State Bank of India (1.23 percent), Bank of Baroda (1.10 percent), Federal Bank (0.84 percent) and Kotak Mahindra Bank (0.44 percent). The BSE Bankex index jumped 2.51 percent to 59,866.95. Vinod Nair, head of research at Geojit Investments Limited, said that banking supplies have benefited from the cutting of deposit rate, “said Vinod Nair, Head of Research at Geojit Investments Limited. to establish the NSE Nifty rose 500 points or 2.19 percent to 23,328.55. (Rllr) from SBI with 25 basis points to 8.25 percent. In addition, the bank cut rates have 10-25 basis points, which are again in effect from April 15. Another public sector Bank of India withdrew its special 400-day deposit scheme that offered 7.3 percent. Bank of India in Mumbai has announced a 25 -basis point reduction in its home loans interest rates, benefiting both new and existing customers. First published: 15 Apr 2025, 07:12 PM IST