Stock market update: Nifty Bank index advances 0.58% in an upbeat market
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.
Synopsis The Nifty Bank index was trading 0.58 per cent up at 55259.05. NEW DELHI: The Nifty Bank index traded positive around 10:53AM(IST)on Friday in an upbeat market.
ADVERTISEMENT Axis Bank Ltd.(up 1.67 per cent), Kotak Mahindra Bank Ltd.(up 0.87 per cent), Au Small Finance Bank Ltd.(up 0.78 per cent), State Bank of India(up 0.57 per cent) and HDFC Bank Ltd.(up 0.55 per cent) were among the top gainers.
Punjab National Bank(down 0.38 per cent) were the top losers on the index.
The Nifty Bank index was up 0.58 per cent at 55259.05 at the time of writing this report. Benchmark NSE Nifty50 index was up 269.25 points at 24878.95, while the BSE Sensex was up 855.49 points at 81807.48. Among the 50 stocks in the Nifty index, 48 were trading in the green, while 2 were in the red.
ADVERTISEMENT Shares of Vodafone Idea, Tata Teleservices, HFCL, YES Bank and BEL were among the most traded shares on the NSE.
Shares of Khaitan(India), SecMark Consultancy, Centum Elec, Magellanic Cloud and Stampede Cap(DVR)hit their fresh 52-week highs in today's trade, while Golden Tobacco, Pritish Nandy, R K Swamy, Marshall Machines and Bafna Pharma hit fresh 52-week lows in trade.
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