Monday 22 December 2014

HDFC Bank spurts 1.5% in opening trade

HDFC Bank spurted 1.5 per cent to a high of Rs. 955 in opeing trade this morning on back of FIPB nod for raising fresh funds.

According to reports, FIPB has cleared a proposal of the bank allowing it to raise Rs 10,000 crore.

The stock is now up 0.8 per cent at Rs. 948. The counter has seen trades of around 22,000 shares so far on the BSE.

Meanwhile, the Sensex has gained 44 points at 27,416.

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