Stock market update: Nifty Bank index falls 0.24% in a weak market

NEW DELHI: The Nifty Bank index traded negative around 09:59AM(IST)on Monday in a weak market.

IndusInd Bank(up 3.57 per cent), Axis Bank(up 0.62 per cent), IDFCBANK(up 0.25 per cent), HDFC Bank(up 0.17 per cent) and Bandhan Bank(up 0.09 per cent) were among the top gainers.

Kotak Mahindra Bank(down 1.5 per cent), AU Small Finance Bank(down 1.45 per cent), State Bank of India(down 1.43 per cent), Federal Bank(down 0.94 per cent) and ICICI Bank(down 0.69 per cent) were the top losers on the index.

The Nifty Bank index was down 0.24 per cent at 35999.8 at the time of writing this report.

Benchmark NSE Nifty50 index was down 119.5 points at 16983.05, while the BSE Sensex was down 372.18 points at 56688.69.

Among the 50 stocks in the Nifty index, 10 were trading in the green, while 40 were in the red.

Shares of YES Bank, TV18 Broadcast, Vodafone Idea, IDFC First Bank and JP Power were among the most traded shares on the NSE.

Shares of Beta Drugs, De Nora India, GHCL, Hardwyn India and Lexus Granito(India)hit their fresh 52-week highs in today’s trade, while Zee Learn, Solara Active Pharma, Innovative Tyres & T, Future Retail and Debock Sales & Mktg hit fresh 52-week lows in trade.