IndusInd Bank sees biggest intra-day rally in 5 months; stock surges 13%

Shares of IndusInd Bank recorded its sharpest intra-day rally in over five months after the stock rallied 13 per cent to Rs 598 on the BSE on Thursday on the back of heavy volumes. Earlier, on April 28, 2020, the stock of the private sector lender had zoomed 18 per cent in the intra-day trade.

At 02:54 pm, IndusInd Bank was trading 12 per cent higher at Rs 589, against a 1.5 per cent rise in the S&P BSE Sensex. The stock was the top gainer on the Sensex, Nifty50, and Nifty Bank indexes. The trading volumes on the counter