Stock market update: Bank stocks mixed; Kotak Mahindra Bank gains over 2%

NEW DELHI: Bank stocks were trading mixed with a positive bias at 01:24PM (IST) on Friday.

Shares of Kotak Mahindra Bank (up 2.4 per cent), HDFC Bank (up 1.32 per cent) and State Bank of India (up 0.08 per cent) were among the top gainers.

While Axis Bank (down 1.83 per cent), IndusInd Bank (down 1.65 per cent), Federal Bank (down 1.45 per cent), RBL Bank (down 1.11 per cent) and ICICI Bank (down 0.72 per cent) were the top losers in the index.

The Nifty Bank index was trading 0.2 per cent up at 28960.15 around 01:24PM.

Benchmark NSE Nifty50 index was up 38.90 points at 12810.6, while the BSE Sensex was up 133.38 points at 43733.34.

Among the 50 stocks in the Nifty index, 36 were trading in the green, while 14 were in the red.

Shares of Vodafone Idea, YES Bank, SBI, Tata Motors and Bharti Infratel were among the most traded shares on the NSE.

Shares of Gland Pharma Ltd., Tanla Solutions, Affle (India) Ltd., Tata Steel (PP) and Adani Gas Ltd. hit their fresh 52 week high in today's trade, while Shubhlaxmi Jewel Art Ltd., Jump Networks Ltd., CMM Infraprojects Ltd., Deep Energy Resources Ltd., Sumit Woods Ltd., Lakshmi Vilas Bank Ltd. and Shrenik Ltd. hit fresh 52 week low in trade.