Stock market update: Nifty Bank index advances 0.41% in an upbeat market

NEW DELHI: The Nifty Bank index traded positive around 10:14AM(IST)on Thursday in an upbeat market.

Kotak Mahindra Bank Ltd.(up 1.17 per cent), Axis Bank Ltd.(up 0.79 per cent), IDFC First Bank Ltd.(up 0.68 per cent), ICICI Bank Ltd.(up 0.65 per cent) and Federal Bank Ltd.(up 0.6 per cent) were among the top gainers.

Punjab National Bank(down 1.03 per cent), Bandhan Bank Ltd.(down 0.55 per cent), IndusInd Bank Ltd.(down 0.53 per cent), Au Small Finance Bank Ltd.(down 0.11 per cent) and State Bank of India(down 0.04 per cent) were the top losers on the index.

The Nifty Bank index was up 0.41 per cent at 53086.05 at the time of writing this report.

Benchmark NSE Nifty50 index was up 92.3 points at 23961.1, while the BSE Sensex was up 270.18 points at 78944.43.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 27 were in the red.

Shares of Vodafone Idea, India Cements, Indian Renewable, GMR Infra and YES Bank were among the most traded shares on the NSE.

Shares of Burnpur Cement, GRP Ltd, Jindal Photo, India Cements and Hexa Tradex hit their fresh 52-week highs in today's trade, while Filatex Fashions, SecUR Credentials, MEP Infrastructure, TN Telecom and Creative Eye hit fresh 52-week lows in trade.