Stock market update: Nifty Bank index advances 0.67%

Stock market update: Nifty Bank index advances 0.67%
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The Nifty Bank index closed 0.67 per cent up at 37739.6.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: The Nifty Bank index closed on a positive note on Friday.

Shares of AU Small Finance Bank(up 4.62 per cent), Bandhan Bank(up 2.5 per cent), Federal Bank(up 1.44 per cent), ICICI Bank(up 1.04 per cent) and HDFC Bank(up 0.7 per cent) ended the day as top gainers in the pack.

On the other hand, IDFCBANK(down 1.2 per cent), RBLBANK(down 0.81 per cent) and State Bank of India(down 0.09 per cent) finished as the top losers of the day.

The Nifty Bank index closed 0.67 per cent up at 37739.6.

Benchmark NSE Nifty50 index ended up 66.8 points at 17812.7, while the BSE Sensex stood up 142.81 points at 59744.65.

Among the 50 stocks in the Nifty index, 32 ended in the green, while 18 closed in the red.

Shares of JP Power, Vodafone Idea, YES Bank, GMR Infra and Suzlon Energy were among the most traded shares on the NSE.

Shares of Vardhman Hold, AYM Syntex, OM Metal Infra, Dollar Industries and Salzer Electro hit their fresh 52-week highs in today's trade, while Vivo Collaboration Solutions Ltd., Foce India Ltd., PayTM, Lumax Ind and Dynamic Services & Security Ltd. hit their fresh 52-week lows.

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