Stocks News

IndusInd Bank and ICICI jump high on the index ahead of Union Budget

The Union Budget of India is about to be presented by the Finance Minister Nirmala Sitharaman today.

Although there is a lot of time in the result announcement but, the Indian stock market is trading in green since the pre-opening session today.

So far, the Sensex was 220.10 points up or was at 0.48 percent at 46507.87. The Nifty also added 45.90 points at 13680.50, it was 0.34 percent high in the trading session of February 1, 2021.

Apart from this, the banking sector is the one which got the attention so far adding over a percent in the index.

There are two leading banks which added to the index very well which are the IndusInd Bank and ICICI Bank.

The IndusInd Bank shares made a jump by 7 percent. Also, the ICICI bank added more than 4 percent indicating a very positive signal on the indices.

The IndusInd share price was on the top gainers after outperforming the market benchmarks. The bank reported a standalone profit of Rs 852.76 core in the January session.

Also, the ICICI Bank reported a 9.1 percent YoY growth in its standalone profit for the last quarter of December 2020.

The ICICI scrip was trading at Rs 565.15, which is high at Rs 28.15, or 5.24 percent. It also swayed a 52-week high at Rs 568.35 along with an intraday high of Rs 568.35.

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