Speculators trimmed positions on a weak global trend
Impact of lower crude oil prices will be offset by de-leveraging gains, say analysts
The stock rallied 18% to Rs 377, also its fresh 52-week high on the National Stock Exchange.
Positive statements by Federal Reserve and strong buying among bank shares have boosted the markets
SBI, Andhra Bank, IDBI Bank, Allahabad Bank, Canara Bank, Union Bank and Syndicate Bank are up 3% each on NSE.