Stock market update: Nifty Bank index falls 1.3% in a weak market

NEW DELHI: The Nifty Bank index traded negative around 10:44AM(IST)on Wednesday in a weak market.

Federal Bank(up 0.92 per cent), AU Small Finance Bank(up 0.91 per cent), Bank of Baroda(up 0.73 per cent) and Punjab National Bank(up 0.54 per cent) were among the top gainers.

HDFC Bank(down 2.6 per cent), Bandhan Bank(down 1.82 per cent), Kotak Mahindra Bank(down 1.47 per cent), Axis Bank(down 1.44 per cent) and ICICI Bank(down 0.82 per cent) were the top losers on the index.

The Nifty Bank index was down 1.3 per cent at 37572.8 at the time of writing this report.

Benchmark NSE Nifty50 index was down 152.65 points at 17804.75, while the BSE Sensex was down 581.75 points at 59594.75.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of Vodafone Idea, Tata Power, JP Power, Adani Power and Reliance Power were among the most traded shares on the NSE.

Shares of Lokesh Machines, Swan Energy, EIH Associated, Ganges Securities and Nalwa Sons Invst hit their fresh 52-week highs in today's trade, while Felix Industries, SP Refractories Ltd. and Shaily Engg Pla hit fresh 52-week lows in trade.