New Delhi: Private sector lender HDFC Bank today surpassed SBI as
the country's most valued bank with a total market valuation of about
1,37,500 crore.
State Bank of India (SBI) shares were seen trading under
pressure with a fall of nearly 2 per cent this afternoon, despite an
overall uptrend in the market, while HDFC Bank shares gained by more
than 3 per cent.
The market benchmark Sensex was trading more than 200 points higher on broad-based buying among blue chips.
As a result, HDFC Bank's market capitalisation rose to Rs 1,37,500 crore, as against SBI's 1,32,700 crore, as per the BSE data.
At close yesterday, SBI was the country's most valued bank with a
total market cap of Rs 135,360 crore, followed by HDFC Bank (Rs 133,375
crore), ICICI Bank (Rs 1,04,558 crore), Axis Bank (Rs 41,657 crore) and
Kotak Mahindra Bank (Rs 40,178 crore).
At 1415 hrs today, HDFC Bank shares were trading 3.1 percent higher at Rs 584 after scaling an intra-day high of Rs 588.
On the other hand, SBI was down nearly 2 per cent at Rs
1,977.40 at the BSE, while ICICI Bank was up 2.5 per cent, Axis Bank was
up 2.1 per cent and Kotak Mahindra was trading 1.6 per cent down.
In terms of market cap, HDFC Bank and SBI were followed by ICICI
Bank (Rs 1,07,221 crore), Axis Bank (Rs 42,541 crore) and Kotak Mahindra
Bank (Rs 39,547 crore) at 1420 hours.
STOCK OPTIONS RESULTS:
BUY GIVEN IN APOLLO TYRES 85 CALL @ 2.35 TARGET 2.80
ACHIEVED TARGETS
PROFIT RS. 1800/-
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