Stock market update: Nifty Bank index falls 1.07% in a weak market

NEW DELHI: The Nifty Bank index traded negative around 11:05AM(IST)on Monday in a weak market.

Kotak Mahindra Bank(up 1.05 per cent) and Punjab National Bank(up 0.95 per cent) were among the top gainers.

IndusInd Bank(down 11.18 per cent), Bandhan Bank(down 1.49 per cent), State Bank of India(down 1.17 per cent), Axis Bank(down 0.92 per cent) and HDFC Bank(down 0.87 per cent) were the top losers on the index.

The Nifty Bank index was down 1.07 per cent at 39148.7 at the time of writing this report.

Benchmark NSE Nifty50 index was down 18.85 points at 17897.95, while the BSE Sensex was down 74.82 points at 59992.8.

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.

Shares of YES Bank, Vodafone Idea, Bank of Baroda, Tata Power and PNB were among the most traded shares on the NSE.

Shares of IRIS Business Servic, Mirza Intnl, Mangalam Organics, Chalet Hotels and Astra Microwave hit their fresh 52-week highs in today’s trade, while Destiny Logistics & Infra Ltd., Jiya Eco Products Lt, Airo Lam and Kotyark Industries Ltd. hit fresh 52-week lows in trade.

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