Indusind Bank News – Stock Market Today On High, Hinduja Group’s Indusind Bank Fell Heavily – After two days of sluggishness, the Indian stock exchange is looking buzzing today. The Bombay stock market (BSE) Sensex opened with a gain of 272 points at 52,121.58. Around 9.42 am, the Sensex rose by 391 points to succeed in 52,240.61. Today, the shares of IndusInd Bank, which is a component of the Hinduja Group, fell up to six percent. At the top of trading, the Sensex closed at 52,232.43 with a jump of 382.95 points.
Indusind Bank News – Stock Market Today On High, Hinduja Group’s Indusind Bank Fell Heavily
Similarly, the Nifty of the National stock market (NSE) started with a gain of 79 points at 15,655.55 today. Around 9.30 am, the Nifty rose by 117 points to succeed in 15,693.15. At the top of trading, the Nifty closed at 15,690.35 with a gain of 114.15 points.
The BSE Realty Index has gained momentum today thanks to the approval of the new tenancy law. Buying was seen in sectors like metal, FMCG, energy and banking. Pressure was seen on pharma stocks.
Why IndusInd Bank Shares Broken
Shares of Hinduja Group-controlled IndusInd Bank fell up to six per cent today. One year old such report has begin that Cayman Islands has canceled the bank license of Hinduja. thanks to this news, the shares of IndusInd Bank in India broke down.
Today, June 3, on Thursday, IndusInd Bank’s shares fell nearly 6 percent in early trade itself. The shares of the bank fell 6 percent today to Rs 964.75. IndusInd Bank closed at 1005.85, down 2.15 per cent at the top of trading.
Hinduja Brothers are Promoters
It is worth noting that the promoters of IndusInd Bank are Hinduja Brothers, who also control the Geneva-headquartered Hinduja Bank in Switzerland. In May last year, the Cayman Islands Monetary Authority canceled the license of Hinduja Bank on the bottom that it didn’t suits several norms like concealment .
Hinduja Bank was established in 1978 and have become a Swiss government regulated bank in 1994. aside from Geneva, this bank also has offices in Chennai, Dubai, London, Mauritius, Paris and ny .
Today the Indian rupee closed at 72.91 against the US dollar. Rupee today opened with a weakness of 8 paise at 73.16. The rupee had closed at 73.08 on Wednesday.