IndusInd Bank becomes top Sensex gainer ahead of Budget announcement

As the market eagerly awaits the contours of Budget; the banks, especially private banks are seen outperforming the markets. On the other hand, the IT & Pharma stocks are seen underperforming the markets during the first hour of the trade.  

IndusInd Bank emerges as the top-performing Sensex stock on Monday, gaining more than 7 per cent, followed by ICICI Bank, which is up by more than 5 per cent. HDFC is up by more than 2 per cent while HDFC Bank is up by more than a per cent in the first hour of the trade.  

Dr Reddy’s is the worst performing Sensex stock, down by more than 3 per cent. TCS is down by more than a per cent while Tech Mahindra is down by more than 3 per cent. Meanwhile, RIL is trading flat with minor gains.  

The Indian markets are trading on a positive note, taking cues from the Asian markets.