IndusInd Bank shares inch up after 27% dive
MUMBAI: IndusInd Bank’s shares recovered some losses (up 4%) on Wednesday after plunging nearly 27% on Tuesday. Market players said concerns eased after reports said the promoter had finalised funds for acquiring Reliance Capital.
This eased fears that the promoters would face margin calls on pledged shares. Statements from the CEO, indicating the bank could post a net profit in Q4 despite provisions, also helped sentiment. RBI too launched an industry wide review of banks’ derivative positions .
Stay informed with the latest business news, updates on bank holidays and public holidays.
Concern ease
This eased fears that the promoters would face margin calls on pledged shares. Statements from the CEO, indicating the bank could post a net profit in Q4 despite provisions, also helped sentiment. RBI too launched an industry wide review of banks’ derivative positions .
Stay informed with the latest business news, updates on bank holidays and public holidays.
Popular from Business
- Donald Trump's 25% tariffs on steel and aluminum imports take effect: Impact on India
- $1 trillion wiped out! Indian stock market crash shrinks its share in global market cap
- Why Jim Walker, man who foresaw 2008 market crash, wants investors to ‘absolutely double down’ on Indian equities
- Elon Musk to Jeff Bezos, billionaires who attended Donald Trump’s inauguration face $209 billion loss
- Trump tariffs and trade tensions: Three reasons why India is best placed in Asia to outperform
end of article
Trending Stories
- Retail CPI inflation eases to 7-month low of 3.61% in February; January IIP growth at 5%
- Top stocks to buy today: Stock recommendations for March 12, 2025
- IndusInd Bank shares crash to 52-week low! Brokerages downgrade stock outlook - here’s what investors should know
- Trump trade war: US stock market loses $4 trillion in value
- Stock market today: BSE Sensex sinks over 400 points; Nifty50 below 22,350
- Top stocks to buy today: Stock recommendations for March 11, 2025
- Elon Musk, world’s richest person, loses $120 billion! Why Tesla CEO’s net worth is taking a hit
Visual Stories
- 8 most effective tips to score high in CUET 2025
- 8 art and science innovations from the Renaissance that will inspire students
- 8 powerful strategies to cover vast syllabus at the last minute
- 8 ways your study environment is making you lose focus
- 8 Tips that can multiply your chances of clearing govt recruitment exams
TOP TRENDS
UP NEXT
Start a Conversation
Post comment