Thursday 18 June 2015

HDFC Bank up 1.2% on reducing base rate

The bank has reduced its base rate by 15 bps to 9.70 percent with effect from 15 June 2015. 

HDFC Bank
HDFC Bank has strengthened its gains in early morning deals, and is trading at the highest level of the day - with a jump of 1.3 percent to Rs. 1,018 on the BSE, on the back of positive news flow.

According to media reports, the bank has reduced its base rate by 15 bps to 9.70 percent with effect from 15 June 2015.

So far, the counter has witnessed trades of around 26,000 shares as compared to its two-week daily average volume of 105,000 shares.

Meanwhile, the BSE Sensex has surged 214 points at 27,047. 

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