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This is an archive article published on February 17, 2011

HDFC Bank stock surges by over 4%

HDFC Bank rose by over 4% on buying by investors at attractive lower levels.

HDFC Bank stock on Thursday rose by over 4 per cent on the Bombay Stock Exchange on buying by investors at attractive lower levels.

The stock,which was the top gainer among the 30-Sensex scrips,surged 4.15 per cent to close at Rs 2,183.80 on BSE. In the intra-day trade,the scrip had gained 4.49 per cent to touch a month’s high of Rs 2,191.

On the National Stock Exchange,HDFC Bank settled 4.64 per cent higher at Rs 2,192.

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On the volume front,over 12 lakh shares of the company were traded on the two bourses.

Besides,other major banking stocks,including SBI and ICICI Bank closed in the green. Country’s top lender SBI settled higher by 0.96 per cent,while ICICI Bank closed up by 0.46 per cent.

Meanwhile,the BSE barometer Sensex closed with a gain of 205.92 points at 18,506.82 points.

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