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HDFC-HDFC Bank merger powers D-Street: Sensex, Nifty50 jump over 2%

The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring

HDFC
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Sundar Sethuraman Mumbai
The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring. The Sensex and the Nifty50 reclaimed the 60,000 and 18,000 levels for the first time since January 18.
 
The Sensex ended the session at 60,611.7, following a gain of 1,335 points or 2.3 per cent — most since March 9. The Nifty50 index added 383 points, or 2.2 per cent, to end at 18,053. HDFC and HDFC Bank surged more than 9 per cent each and accounted for over two-thirds of the

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