Stock market update: Bank stocks advance; Bandhan Bank gains 2%

Stock market update: Bank stocks advance; Bandhan Bank gains 2%
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The Nifty bank index was trading 0.55 per cent up at 22367.3.

Out of 12 stocks in the index, 8 advanced while 4 declined.

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NEW DELHI: Bank stocks were trading higher at 01:56PM (IST) on Monday.

Shares of Bandhan Bank (up 1.75 per cent), ICICI Bank (up 1.33 per cent), IndusInd Bank (up 1.17 per cent), HDFC Bank (up 0.75 per cent) and Kotak Mahindra Bank (up 0.66 per cent) were among the top gainers.

While RBL Bank (down 1.21 per cent), State Bank of India (down 1.1 per cent), Bank of Baroda (down 0.95 per cent), IDFC Bank (down 0.49 per cent) and Axis Bank (down 0.02 per cent) were the top losers in the index.

The Nifty Bank index was trading 0.55 per cent up at 22367.3 around 01:56PM.

Benchmark NSE Nifty50 index was up 77.80 points at 11494.75, while the BSE Sensex was up 277.39 points at 38974.44.

Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red.

Shares of Vodafone Idea, Trident Ltd, IDFC First Bank Ltd., YES Bank and IndusInd Bank were among the most traded shares on the NSE.

Shares of Computer Age Management Services Ltd., Indiabulls Ventures (PP), Tata Elxsi, TCS and Wipro hit their fresh 52 week high in today's trade, while Uniinfo Telecom Services Ltd., Banka Bioloo Ltd., S & S Power Switchgear Ltd., Eon Electric Ltd., Motor & General Finance Ltd., Osia Hyper Retail Ltd., Laurus Labs Ltd. and Consolidated Construction Consortium Ltd. hit fresh 52 week low in trade.

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