Market Update: Axis Bank, Hindalco up 2-3% while Lupin sheds 3%; Jubilant Food hits new 52-week high

The Indian equity market extended loses was trading on a negative note on Monday afternoon with the Nifty gaining 36 points was trading at 10,654 while the Sensex was up 96 points or 0.28 percent.

Bank Nifty was marginally up led by Axis Bank, Bank of Baroda, Punjab National Bank, Bank of India, ICICI Bank, State Bank of India  and Canara Bank.

CNX Realty was up 1 percent led by stocks like Godrej Properties which added 5 percent while Oberoi Realty and Prestige Estates were the other gainers.

The top Nifty gainers included Hindalco Industries which was up 3 percent followed by Axis Bank and Vedanta which were up 2 percent each. The other gainers included Eicher Motors and Tata Steel.

The most active Nifty stocks included PC Jeweller which zoomed 33 percent. Tata Consultancy Services, Wockhardt, NIIT Tech and ICICI Bank were the other active stocks.

The top Nifty losers were Lupin which shed 3 percent each while Coal India, Dr Reddy's Labs, Sun Pharma and TCS were the other losers.

The top BSE gainers included PC Jeweller which jumped 33 percent while Intellect Design and Indiabulls Ventures were up 6 percent each. the other gainers were Godrej Properties and Bombay Burmah Trading.

The top BSE losers included names like Wockhardt which shed close to 9 percent while Indoucount Industries, Ujjivan Financial and Rajesh Exports were the other losers.

Cyient, Intellect Design, Jubilant Food and Khadim were few of the stocks that hit fresh 52-week high in the morning trade.

On the other hand, 81 stocks hit new 52-week low including names like Chennai Petro, Hindustan Petroleum Corporation, IDFC Bank and NBCC among others.