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  5. NIFTY Bank up 0.9% to 49,767, with HDFC, IndusInd Bank, PNB, and others gaining

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NIFTY Bank up 0.9% to 49,767, with HDFC, IndusInd Bank, PNB, and others gaining

Upstox
By Upstox News Desk

2 min read | Updated on March 19, 2025, 14:38 IST

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SUMMARY

IndusInd Bank shares rose 1.47% on Wednesday, days after the private lender disclosed a ₹2,100 crore discrepancy in accounting with an estimated 2.35% impact on the bank's net worth.

Stock list

HDFCBANK
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ICICIBANK
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INDUSINDBK
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AU Small Finance Bank, which was the top gainer on the NIFTY BANK index, advanced 4.66%. | Image: Shutterstock

AU Small Finance Bank, which was the top gainer on the NIFTY BANK index, advanced 4.66%. | Image: Shutterstock

NIFTY BANK traded in the positive territory for the fifth consecutive session on Wednesday, March 19, with the index gaining 452 points, or 0.92%, to 49,767.

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HDFC Bank, State Bank of India, Federal Bank, and Axis Bank climbed 0.86%, 1.46%, 3.31%, and 0.97%, respectively. ICICI Bank shares are up 0.36%, while Bank of Baroda stock rose 1.78%.

AU Small Finance Bank, which was the top gainer on the index, advanced 4.66%.

IndusInd Bank shares ascended 1.47% days after the private lender disclosed a ₹2,100 crore discrepancy in accounting with an estimated 2.35% impact on the bank's net worth.

Meanwhile, the Reserve Bank of India (RBI) has assured customers that IndusInd Bank is 'well-capitalised,' while directing the bank's board to complete remedial action.

NIFTY BankChange (%)
HDFC Bank0.86%
State Bank of India1.46%
Federal Bank3.31%
Axis Bank0.97%
ICICI Bank0.36%
Bank of Baroda1.71%
AU Small Finance Bank4.66%
IndusInd Bank1.47%
PNB2.47%
IDFC First Bank2.05%
Canara Bank2.09%
Kotak Mahindra Bank-0.64%
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Benchmark indices are also trading in green. NIFTY is up 0.41% to 22,928, while SENSEX gained 224 points to 75,526.

From the NIFTY pack, Shriram Finance, HDFC Life, Apollo Hospital, Power Grid, and Tata Steel were among the major gainers.

However, Tech Mahindra, Tata Consultancy Services, Infosys, ITC, and HCL Tech were among the laggards.

On Tuesday, foreign institutional investors (FIIs) turned buyers as they bought equities valued at ₹694.57 crore. Domestic Institutional Investors (DIIs) also picked equities worth ₹2,534.75 crore, according to exchange data.

SIP
Consistency beats timing.
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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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