IDBI Bank gains 8% in weak market

The stock surged 8% to Rs 80.75 with combined 63.61 million equity shares changed hands on the BSE and NSE.

IDBI Bank has surged 8% to Rs 80.75 on the BSE in an otherwise subdued market on back of heavy volumes. The public sector lender, a sole gainer from the Nifty PSU Bank index, trading close to its 52-week high of Rs 83.70 touched on February 26, 2018.

At 03:07 pm; IDBI Bank was trading 7.5% higher at Rs 80.15, as compared to 0.33% decline in the Nifty 50 and 1.9% fall in the Nifty PSU Bank index. The counter has seen huge trading volumes with a combined 63.61 million shares changed hands on the BSE and NSE so