Bank stocks dazzle; ICICI m-cap reaches Rs 8 trn; SBI, Indian Bk rise up to 5%

Stocks of listed banks witnessed demand on the stock exchanges with the Nifty Bank index hitting a new high of 49,320.85 after a strong rally in private and public sector banks amid healthy results in the fourth quarter. The banking index surpassed the previous record of 49,057.40 on April 10.

Share prices of ICICI Bank, State Bank of India (SBI), Indian Bank, Yes Bank, AU Small Finance Bank, IDBI Bank, Union Bank of India, Bank of India, Uco Bank and Bank of Maharashtra rose between 3 percent and 5 percent . per cent. Share prices of Axis Bank, IndusInd Bank, Kotak Mahindra

First print: April 29, 2024 | 2:18 PM IST