Bank Nifty has recovered nearly 600 points from the day’s low to stand at 49,209. Shares of IndusInd Bank were the top gainer on the index, trading over 2 percent higher at Rs 1,046 apiece. The shares of AU Small Finance Bank dropped over 3 percent to trade at Rs 518 apiece. Canara Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank were also trading nearly 1 percent lower. DFS Secretary M. Nagaraju, in a post budget press conference, on February 17, attended by Finance Minister Nirmala Sitharaman, said the current financial year has been one of the best years in terms of credit growth in the banking sector. He added that the budgetary measures will boost cash availability by Rs 35,000-40,000 crore in the Banking system. This will help banks to lend more into the private sector, he added. The Sensex has recovered almost 600 Points from its day’s low to stands at 75,862. Nifty, meanwhile, rose 189 points from its low to 22,914. This comes as the stock saw heavy trading volumes, higher than its 10-day average volume.
