IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services.
Shares of private sector lender IndusInd Bank touched upper circuit on Thursday afternoon, snapping an eight-day losing streak and clocking the biggest-ever intra-day gain.
Indian equity indices surged on Thursday morning with the BSE Sensex gaining over 1,100 points.
Private sector lender IndusInd Bank has said that newly-appointed Managing Director and Chief Executive Officer (CEO) Sumant Kathpalia will take charge from Tuesday for three years.
Sell-off intensified in the Indian stock market on Wednesday, as both Sensex and Nifty dropped to their lowest levels in three years.
Private sector lender IndusInd Bank has said it is financially strong, well-capitalised, profitable and a growing entity with strong governance.
Coronavirus fears continued to cause mayhem in the stock markets as the BSE Sensex ended over 2,700 points lower and the Nifty50 on the National Stock Exchange (NSE) settled below the 9,200 mark.
The benchmark index, Sensex, closed 80 points lower on Wednesday as global investors turned cautious after US said that tariff on China would continue till the US Presidential elections were over.
Healthy rollover at the end of October series indicates a "build-up of bullish movement" which can drive the next leg of a rally, experts opined on Thursday.
The Indian equity market broke its six day losing streak on Wednesday, shrugging off from tepid global markets. The Sensex surged 646 points while the Nifty closed above the 11,300 point mark.
As Indian stock markets surged to decade-high gains on Friday following Finance Minister Nirmala Sitharaman's announcement of corporate tax rate cut among other measures, Hero MotoCorp and Maruti Suzuki India were the best performing stocks on the Sensex.