Shares of banking firms today gained well on the Bombay Stock Exchange (BSE), led by ICICI Bank and Yes Bank, amid a rally in the stock markets.
ICICI Bank, the country’s largest private sector bank, advanced 6.53 per cent to end the day at Rs 756.95 on the BSE, while Yes Bank closed at Rs 160.75, up 6.92 per cent.
Reflecting the gain in its composing stocks, the BSE’s Banking Index — comprising 18 scrips — also rose 4.34 per cent or 347.13 points to close at 8,354.08 points.
The nation’s largest lender State Bank of India rose 5.68 per cent to end trade at Rs 1,799.05 and Punjab National Bank closed at Rs 702.05, up 4.12 per cent over its last end.
Some of the public sector lenders which made gains include Allahabad Bank (4.27 per cent), Bank of Baroda (3.65 per cent), Bank of India (3.58 per cent) and Oriental Bank of Commerce (3.20 per cent).
Among private lenders, the pack of gainers include Kotak Bank (5.64 per cent), IDBI Bank (5.46 per cent), HDFC Bank (1.65 per cent) and Indusind Bank (3.39 per cent).
The BSE’s key index Sensex today closed at 15,518.49, up 3.32 per cent or 498.33 points.
