Investors sent shares of State Bank of India, the biggest lender, up as much as 29 per cent to their highest since January 2015. The benchmark NSE Nifty rose as much as 1.3 per cent, touching a record high.
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MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent firmer at 549.71 points, not far from a 10-year high of 554.63 set last week.
IndusInd Bank on Saturday said it will acquire country's second largest microfinance player Bharat Financial Inclusion Ltd (BFIL) and the transaction is expected to be completed in the next 10 months.
The company has to supply 10,000 electric cars to Energy Efficiency Services Ltd for Rs 1,120 crore.
DLF expects an infusion of about Rs 13,000 crore from the deal, which will help it in reducing the debt significantly.
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