YES Bank, IndusInd Bank shares jump on Sensex inclusion

BL Internet Desk Chennai | Updated on January 09, 2018 Published on November 20, 2017

Shares of YES Bank and IndusInd Bank gained on Monday as both the private sector lenders will join the BSE stock exchange’s 30-member Sensex index, effective December 18.

Following a positive open, YES Bank shares jumped as much as 2.5 per cent to Rs 314 against the previous close of Rs 306.45. Similarly, IndusInd Bank opened at Rs 1,647 against the previous close of Rs 1,630.85, touched the day's high of Rs 1,658.50 and a low of Rs 1,630.

YES Bank stock ended higher by 2.2 per cent at Rs 313.20 on the BSE and IndusInd Bank stock closed up by 1.17 per cent at Rs 1,649.90.

Lupin Ltd and Cipla Ltd will make way for the two banks, according to a statement from Asia Index Pvt Ltd.

YES Bank has gained nearly a third so far this year, while IndusInd Bank has added more than 45 percent. Lupin has shed 44 per cent, while Cipla has gained about 4 per cent in 2017.

(With inputs from Reuters)

Published on November 20, 2017

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.