Financials in focus; Shriram Transport Finance, IndusInd, ICICI Bank up 7%

Shares of ICICI Bank hit an intra-day high of Rs 421 after the lender reported a six-fold jump in the standalone net profit at Rs 4,251 crore for the quarter ended September 2020

Shares of financials were in focus on the National Stock Exchange (NSE) in an otherwise subdued market on Monday after ICICI Bank and IndusInd Bank reported good set of July-September quarter (Q2FY21) numbers.

Both these stocks surged 7 per cent in the intra-day deals, while Bank of Baroda, Punjab National Bank, Bandhan Bank, Axis Bank, RBL Bank and State Bank of India (SBI) from the Nifty Bank index were up in the range of 3 per cent to 6 per cent. Besides, Shriram Transport Finance Company and Cholamandalam Investment and Finance Company from the non-banking financial companies (NBFCs) universe were up