Stock market update: Nifty Bank index advances 0.98% in an upbeat market

NEW DELHI: The Nifty Bank index traded positive around 10:24AM(IST)on Monday in an upbeat market.

Kotak Mahindra Bank(up 2.65 per cent), HDFC Bank(up 1.23 per cent), Federal Bank(up 0.99 per cent), Axis Bank(up 0.77 per cent) and ICICI Bank(up 0.77 per cent) were among the top gainers.

Bandhan Bank(down 3.46 per cent) were the top losers on the index.

The Nifty Bank index was up 0.98 per cent at 38146.1 at the time of writing this report.

Benchmark NSE Nifty50 index was up 68.6 points at 17963.8, while the BSE Sensex was up 170.77 points at 60229.83.

Among the 50 stocks in the Nifty index, 41 were trading in the green, while 9 were in the red.

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

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

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