Stock market update: Nifty Bank index advances 1.37%

NEW DELHI: The Nifty Bank index closed on a positive note on Monday.

Shares of State Bank of India(up 2.46 per cent), Kotak Mahindra Bank(up 2.02 per cent), HDFC Bank(up 1.94 per cent), ICICI Bank(up 1.41 per cent) and Federal Bank(up 0.76 per cent) ended the day as top gainers in the pack.

On the other hand, Bandhan Bank(down 5.58 per cent), AU Small Finance Bank(down 0.45 per cent), IDFCBANK(down 0.42 per cent), RBLBANK(down 0.28 per cent) and IndusInd Bank(down 0.1 per cent) finished as the top losers of the day.

The Nifty Bank index closed 1.37 per cent up at 38293.8.

Benchmark NSE Nifty50 index ended up 50.75 points at 17945.95, while the BSE Sensex stood up 76.72 points at 60135.78.

Among the 50 stocks in the Nifty index, 33 ended in the green, while 17 closed in the red.

Shares of Vodafone Idea, Tata Power, Tata Motors, Suzlon Energy and BHEL were among the most traded shares on the NSE.

Shares of Hindprakash Industri, GOCL Corporation, Aban Offshore, Kirloskar Elec and Hindustan Motor hit their fresh 52-week highs in today’s trade, while Jiya Eco Products Lt, Jainam Ferro Alloys(I)Ltd., Aditya Birla Sun Life AMC Ltd. and Coastal Corp hit their fresh 52-week lows.

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