Stock market update: Nifty Bank index falls 0.37%
NEW DELHI: The Nifty Bank index closed on a negative note on Tuesday.
ADVERTISEMENT Shares of Axis Bank Ltd.(up 1.06 per cent), IndusInd Bank Ltd.(up 1.01 per cent), Kotak Mahindra Bank Ltd.(up 0.61 per cent) and Canara Bank(up 0.06 per cent) ended the day as top gainers in the pack.
On the other hand, IDFC First Bank Ltd.(down 1.24 per cent), Au Small Finance Bank Ltd.(down 0.86 per cent), ICICI Bank Ltd.(down 0.83 per cent), Federal Bank Ltd.(down 0.8 per cent) and HDFC Bank Ltd.(down 0.69 per cent) finished as the top losers of the day.
The Nifty Bank index closed 0.37 per cent down at 56629.1. Benchmark NSE Nifty50 index ended up 1.05 points at 25104.25, while the BSE Sensex stood down 53.49 points at 82391.72. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red.
ADVERTISEMENT
Shares of Reliance Power, Vodafone Idea, JP Power, Suzlon Energy and YES Bank were among the most traded shares on the NSE.
Shares of Reliance Power, Hybrid Financial Services, Creative Eye, Indef Manufacturing and Quality Power Electr hit their fresh 52-week highs in today's trade, while Shree Ram Proteins, Lancor Holdings, Lasa Supergenerics, Navkar Builders and BSL Ltd hit their fresh 52-week lows.
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Indian equities to outperform despite near-term risks: Standard Chartered
While acknowledging that valuations appear stretched, Standard Chartered noted that Nifty's 12-month forward P/E ratio of 20.6x is above its long-term average of 18.2x but still below recent peaks. Tanmay Tiwary New Delhi Listen to This Article Standard Chartered on Indian equities: Standard Chartered remains 'Overweight' on Indian equities, citing a favourable mix of domestic growth recovery, robust earnings prospects, easing financial conditions, and strong support from domestic investors. While near-term volatility is expected, Standard Chartered expects equities to outperform other traditional asset classes (bonds, commodities) in the medium-term. 'We stay overweight equities and expect it to outperform other traditional assets. A likely recovery in domestic growth and earnings, easing financial conditions, better valuations relative to bonds amid low foreign investor positioning and robust domestic investor flows are key drivers supporting our positive view on equities,' Standard
Mint
an hour ago
- Mint
India shares fall as US-China trade deal uncertainty, Middle East tensions weigh
(Updates for morning trade) India's benchmark indexes edged lower on Thursday, led by losses in IT stocks, as ambiguity over the U.S.-China trade deal and rising tensions in the Middle East dampened risk appetite. The Nifty 50 was down 0.16% at 25,101.3 and the BSE Sensex fell 0.2% to 82,355.26, as of 10:13 a.m. IST. The broader small-caps and mid-caps both fell about 0.3%. Eleven of the 13 major sectors logged losses. Other Asian markets were also muted, while Wall Street equities fell overnight on fresh geopolitical tensions in the Middle East and a lack of detail in a U.S.-China trade deal. U.S. President Donald Trump said a framework on tariff rates had been reached to revive the fragile trade truce with China. While this lifted investor hopes, the lack of specifics kept markets on edge. "The tariff crisis is not over yet. With Trump's credibility being what it is, it would be too early to discount the development as a positive for markets," said VK Vijayakumar, chief investment strategist at Geojit Investments. Meanwhile, geopolitical concerns heightened after Iran said it will strike U.S. bases in the Middle East if nuclear talks fail and conflict arises with Washington. Escalating security risks in the Middle East is a negative for India as it could trigger a rise in Brent crude prices, said two analysts. Heavyweight IT fell 1%. Indian IT companies earn a significant share of their revenue from the United States. Among individual stocks, Paytm fell 8.4% after India's finance ministry reports claiming the introduction of merchant discount rate (MDR) on UPI transactions. Delay or non-introduction of MDR is sentiment negative for Paytm and could present a downside risk to the company's core profitability in fiscal 2026 and 2027, UBS said in a note. (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy and Eileen Soreng)
United News of India
an hour ago
- United News of India
Sensex rises by 58.07 points
Mumbai, June 12 (UNI) The BSE Sensex on Thursday rose by 58.07 point to 82,573.21 in early trade, amid mix global cues as investors weighed the implications of the US-China trade agreement alongside rising geopolitical tensions in the Middle East. The Nifty advanced by 25.75 pts at 25,139.65. Sensex registered intraday high and low at 82,586.16 and 82,411.56 respectively. The Nifty registered day's high at 25,169.60 and low at 25,117.60 pts. Midcap fell by 156.72 points and Small cap by 74.85 points Sectoral gainer were: Energy by 0.10 pc, FMCG by 0.10 pc, financial by 0.14 pc, healthcare by 0.85 pc, telecom by 1.00 pc, bankex by 0.13 pc, consumer durables by 0.15 pc and oil and gas by 0.02 pc. Sectoral losers were: Industrial by 0.03 pc, IT by 0.68 pc, utilities by 0.14 pc, auto by 0.23 pc, capital goods by 0.03 pc, metal by 0.12 pc, power by 0.21 pc, realty by 0.26 pc and tech by 0.33 pc. The gainers were: Asian Paints by 1.94 pc to Rs 2,251.40, Sun Pharma by 1.31 pc to Rs 1,713.50, Bajaj Finsv by 1.07 pc to Rs 2,034.00, Bharti Airtel by 0.71 pc 1,872.55 and Bajaj Finance by 0.59 pc to Rs 9,479.90 The losers were: Infosys by 1.47 pc to Rs 1,606.80, Eternal by 0.91 pc to 254.60, Tata Motors by 0.79 pc to Rs 730.40, HCL Tech by 0.67 pc to Rs 1,710.10 and Tech Mahindra by 0.67 pc to Rs 1,627.20. UNI JS PRS
