Book profit in bank stocks even as moratorium period ends today: Analysts

So far, there have been varied views with regards to the percentage of loans that may seek restructuring.

Bank stocks gained ground at the bourses in early morning deals on Monday, as investors looked forward to the debt restructuring system kicking-in from September 1, allaying concerns regarding the six-month moratorium period.  

Nifty Bank index topped the 25,000-mark, and hit a high of 25,233, up 2.4 per cent on the NSE. However, a correction in the markets on account of geopolitical issues saw the markets and these stocks pare morning gains as trade progressed.

Individually, IndusInd Bank soared 8.2 per cent in the intra-day trade to quote at Rs 711. Axis Bank gained around 5 per cent, ICICI Bank,