The Sensex Bankex was 1.31% high at 9,299.14 at 11:43 IST.

The BSE Bankex was low 1.38%. It underdid the Sensex, which was low 0.66% at 11:49 IST. Bank of India, Karnataka Bank, ICICI Bank, HDFC Bank, Axis Bank, State Bank of India, Canara Bank, Oriental Bank of Commerce and Kotak Mahindra Bank fell as high inflation will force the central bank to increase chief lending costs in future.

HDFC Bank has declared its unudited outcome for the quarter closed on 30th June this year.

The BSE Bankex increased 0.29% at 13:19 IST.

HDFC Bank and Housing Development Finance Corporation are likely to reduce their term deposit costs nearly 25 basis points taking signals from State Bank of India.

The BSE Bankex increased 1.28% at 12:52 IST.

Hindware Home Retail stated on Wednesday that it has joined hands with HDFC Bank and ICICI Bank so that clients do not need to pay interest on credit card usage at its home fashion retail range, Evok stores.

Presently, Allahabad Bank trades up on the Sensex and is the chief earner on the Sensex Bankex.

HDFC Bank presently trades at Rs.1,098, which is higher by 5.50 points from its last close of Rs.1,092.50 on the Sensex.

1.06 lakh shares traded on the Sensex. The stock saw a standard everyday volume of 3.35 lakh shares in the last quarter.