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IndusInd Bank shares face downturn amidst broader market decline

EditorRachael Rajan
Published 2023-09-20, 12:40 p/m
© Reuters.

IndusInd Bank Ltd.'s shares experienced a setback in Wednesday's trading session, falling by 1.14% to close at 1,440.70 Indian rupees. This decline occurred in the midst of a wider market downturn, with the S&P BSE Sensex Index also falling by 1.18% to end the day at 66,800.84.

The bank's closing price on Wednesday was 26.20 rupees below its 52-week high of 1,466.90 rupees, a peak it had reached just six days prior on September 14.

In comparison to its market competitors, IndusInd Bank's performance during the session was less impressive. Union Bank of India saw an increase in its stocks by 0.71% to close at 99.60 rupees. State Bank of India also faced a decrease in its share value but at a lesser rate than IndusInd, with its stocks falling by just 0.47% to finish at 601.10 rupees.

Trading volume for IndusInd Bank Ltd on Wednesday was noted at 65,068 shares, a decrease from its average trading volume over the past 50 days of 74,840 shares.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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