Stocks of some Indian banks show widest exchange price gap in decades
• Several Indian banks, including IndusInd Bank, AU Small Finance Bank, IDFC First Bank, and Federal Bank, experienced their widest exchange price gaps in decades. • The BSE Bankex gauge dropped as much as 3.3% during the auction process before recovering to close 1.7% lower. • These discrepancies were exacerbated by thin liquidity and the monthly expiry of the 14-member bank index.
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