IDFC first, Axis, ICICI, HDFC other bank and financial services stocks rise on RBI liquidity Boost
1 month, 3 weeks ago

IDFC first, Axis, ICICI, HDFC other bank and financial services stocks rise on RBI liquidity Boost

Live Mint  

Stock Market today- IDFC first Bank, Axis Bank, ICICI Bank, other banks and financial services stocks gained in the morning trades on Tuesday. The Nifty Bank Index gained more than 1% led by AU Bank, IDFC First Bank, HDFC Bank, Axis Bank, ICICI Bank and others which saw their share prices rise up to 3% HDFC Bank, Axis Bank, ICICI Bank share prices rising more than 2% led the rebound in the benchmark Nift50 Index which gained up to 0.6% in the morning trades. Bajaj Finance and Bajaj Finserv with gains of more than 1% were also among drivers of the index The Nifty financial Services index also gained more than 1.4% in the morning trades. RBI Liquidity measures The Reserve Bank of India has chosen to carry out the multiple actions to add liquidity to the banking sector after reviewing the present financial and liquidity situation These include OMO purchase auctions of Government of India securities for an aggregate amount of ₹60,000 crore by the Reserve Bank to be held in three tranches.

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