IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE

According to a report, Hindujas are considering increasing their stake in IndusInd Bank after the Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks

Shares of IndusInd Bank moved higher by 5 per cent to Rs 929 on the BSE in Wednesday’s intra-day trade after a straight 8-day fall. In past eight trading days, the stock of private sector lender had declined 15 per cent.

At 10:52 am, IndusInd Bank was the top gainer among the S&P BSE Sensex and Nifty50 index. In comparison, the benchmark indices were up 1 per cent.  Despite today’s outperformance, the stock was down 25 per cent from its record high level of Rs 1,242 touched on October 28, 2021.

According to report, the Hindujas are considering