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Private banks and select public sector banks were the top index contributors at the bourses on Monday as investors rotated funds towards the sector as a sign of value-based buying. Eight of the top 10 contributors towards BSE barometer Sensex s gains today were from the banking and financial space including HDFC, HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, SBI, Kotak Mahindra Bank, and Bajaj Finance. Individually, shares of IndusInd Bank jumped nearly 8 per cent to Rs 960 apiece on the BSE in the intra-day trade before ending 7 per cent higher. Those of SBI, meanwhile, leaped 7 per cent to Rs 385 in the intra-day deals but ended 6 per cent up. HDFC Bank, ICICI Bank, Axis Bank, Bajaj Finserv, and HDFC ended higher in the range of 2.5 per cent to 4.5 per cent as against a 1.74 per cent rise in the benchmark S&P BSE Sensex. On the National Stock Exchange, the Nifty Bank and the Nifty Financial Services indices were settled 4 per cent and 3 per cent higher, respectively, ruling a

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