IDBI Bank gained 5.68 per cent to close at Rs 81.90 on reports that the bank had paid an advance tax of Rs 10 crore in Q1 FY09, which is higher by 43 per cent on a YoY basis.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>As per reports, most banking majors paid higher advance tax for Q1 FY09, and this lifted the BSE Bankex by 4.29 per cent and the Sensex by 1.96 per cent. 
</p><p class='TableClas'>The stock of IDBI hit an intraday high of Rs 82.55 and a low of Rs 77.70, with volumes of 19,69,000 shares. The stock underperformed the sector and market over the past one month, shedding 18.43 per cent. </P></p></table>


IDBI Bank gains on higher advance tax payment

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