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Stock market update: Nifty Bank index advances 1.74%

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.

Synopsis

The Nifty Bank index closed 1.74 per cent up at 52606.0.

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

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Shares of Axis Bank Ltd.(up 3.53 per cent), ICICI Bank Ltd.(up 2.39 per cent), HDFC Bank Ltd.(up 2.33 per cent), State Bank of India(up 1.15 per cent) and Kotak Mahindra Bank Ltd.(up 0.53 per cent) ended the day as top gainers in the pack.

On the other hand, Bandhan Bank Ltd.(down 2.16 per cent), Punjab National Bank(down 0.76 per cent) and IDFC First Bank Ltd.(down 0.04 per cent) finished as the top losers of the day.


The Nifty Bank index closed 1.74 per cent up at 52606.0.


Benchmark NSE Nifty50 index ended up 183.46 points at 23721.3, while the BSE Sensex stood up 712.44 points at 78053.52.

Among the 50 stocks in the Nifty index, 26 ended in the green, while 23 closed in the red.
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Shares of Vodafone Idea, YES Bank, Hind Const Co, Suzlon Energy and Zomato were among the most traded shares on the NSE.

Shares of Jindal Photo, Somi Conveyor, AmaraRaja Batteries, Pearl Global and Borosil Scientific hit their fresh 52-week highs in today's trade, while Suumaya Lifestyle, Future Supply Chain, GIR Natureview, BDR Buildcon and IndInfravit Trust hit their fresh 52-week lows.
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