Stock market update: Nifty Bank index falls 0.5% in a weak market

NEW DELHI: The Nifty Bank index traded negative around 10:04AM(IST)on Wednesday in a weak market.

Punjab National Bank(up 0.67 per cent) and Bank of Baroda(up 0.26 per cent) were among the top gainers.

IndusInd Bank(down 1.33 per cent), Kotak Mahindra Bank(down 0.8 per cent), Axis Bank(down 0.51 per cent), ICICI Bank(down 0.5 per cent) and AU Small Finance Bank(down 0.48 per cent) were the top losers on the index.

The Nifty Bank index was down 0.5 per cent at 39466.9 at the time of writing this report.

Benchmark NSE Nifty50 index was down 72.75 points at 17582.85, while the BSE Sensex was down 262.47 points at 58934.52.

Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.

Shares of , , , JP Power and YES Bank were among the most traded shares on the NSE.

Shares of , Ltd., Bharat Wire Ropes, and hit their fresh 52-week highs in today's trade, while Veekayem Fashion & Apparels Ltd., , , and Mphasis hit fresh 52-week lows in trade.