IndusInd Bank Share Price Live: Stock rebounds 5% but in F&O ban after biggest fall on record

IndusInd Bank Share Price Live: Shares of IndusInd Bank are attempting a recovery on Wednesday, March 12, after the stock saw its biggest single-day drop on record a day prior. The fall resulted in a market capitalisation erosion of nearly ₹20,000 crore. At the day's low on Wednesday, the stock's market capitalisation fell below ₹50,000 crore as well.

IndusInd Bank Share Price Live: Shares of IndusInd Bank are attempting a recovery on Wednesday, March 12, after the stock saw its biggest single-day drop on record a day prior. The fall resulted in a market capitalisation erosion of nearly ₹20,000 crore. At the day's low on Wednesday, the stock's market capitalisation fell below ₹50,000 crore as well. The management spoke exclusively to CNBC-TV18 on Tuesday evening and assured investors that Q4 will be a profitable quarter for the bank and will this one-time hit will not have a significant bearing going forward. However, it needs to be added that the stock is in the F&O ban today, which means no new positions can be created on the stock. Watch this space for all the live updates.