Nifty Bank gains 1,000 points ahead of IndusInd earnings, short covering
Shares of IndusInd Bank gained more than 6 percent intraday on October 8, a day ahead of the second quarter earnings announcement. Brokerage houses expect a healthy set of results from the private sector lender.
After falling for six straight sessions, banking and financial stocks rallied sharply on October 9, partly due to short covering and expectations of IndusInd Bank improving earnings in the September quarter.
The Nifty Bank index rallied 1,000 points, or 3.6
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