HDFC Bank Surged 8.41 Percent As RBI Says Restrictions Placed

HDFC Bank surged 8.41 percent as RBI says restrictions placed on purchase of bank shares by foreign portfolio investors withdrawn immediately. The rally also spilled over to HDFC that gained 2.63 percent. 

Axis Bank, Kotak Mahindra Bank and ICICI Bank surged 1-2 percent. GAIL and Lupin were other gainers. Cadila Healthcare gained further, up 2.8 percent hitting a 52-week high. 

BHEL, Bharti Airtel, Wipro, Infosys, ITC and Reliance were losers. The Indian rupee slipped in the early trade today. It has opened lower by 5 paise at 67.12 per dollar versus previous close 67.07.

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