Stock market update: Nifty Bank index falls 0.01% in a weak market
NEW DELHI: The Nifty Bank index traded negative around 10:14AM(IST)on Wednesday in a weak market.
ADVERTISEMENT Canara Bank(up 1.27 per cent), IDFC First Bank Ltd.(up 0.42 per cent), Punjab National Bank(up 0.34 per cent), Axis Bank Ltd.(up 0.22 per cent) and ICICI Bank Ltd.(up 0.21 per cent) were among the top gainers.
IndusInd Bank Ltd.(down 0.95 per cent), Federal Bank Ltd.(down 0.83 per cent), Kotak Mahindra Bank Ltd.(down 0.53 per cent), HDFC Bank Ltd.(down 0.23 per cent) and Au Small Finance Bank Ltd.(down 0.03 per cent) were the top losers on the index.
The Nifty Bank index was down 0.01 per cent at 55348.25 at the time of writing this report. Benchmark NSE Nifty50 index was down 51.16 points at 24775.05, while the BSE Sensex was down 190.93 points at 81360.7. Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red.
ADVERTISEMENT Shares of ITC, Vodafone Idea, Belrise Industries, Sagility India and Reliance Power were among the most traded shares on the NSE.
Shares of Medplus Health Serv, Kavita Fabrics, ABB Power, Mahamaya Steel and Authum Investment hit their fresh 52-week highs in today's trade, while Orchid Pharma, Supreme Infra, Tantia Const, GI Engineering and Gayatri Highways hit fresh 52-week lows in trade.
(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
Economic Times
an hour ago
- Economic Times
ET Market Watch: Sensex Ends Flat as Banks Drag, Nifty Holds 25,100
Transcript D-Street hit the pause button today! The Sensex slipped 53 points, closing at 82,391, while the Nifty managed to hold above 25,100 — up just 1 point! Why flat? Banking stocks dragged the mood down despite global optimism and RBI policy support. HDFC Bank and ICICI Bank cooled off after a 4-day rally — both down nearly 0.6–0.8%. But tech saved the day! Nifty IT jumped 1.7% — thanks to hopes of a U.S.-China trade thaw. Top gainers? Tech Mahindra, Infosys, HCL Tech – all up over 1–2%. Big movers: • RattanIndia Enterprises +19% • Reliance Power +10% • Adani Power +5% However, real estate slipped: Prestige, DLF, Lodha — all fell 1–3%. Globally? Markets are cautiously optimistic as U.S.-China trade talks extend into a second day. Fed rate cut bets are cooling. Traders broadly expect the Federal Reserve to hold rates steady at its policy meeting next week, with markets pricing in just 44 basis points of rate cuts by December. The Indian rupee closed at 85.6025 against the U.S. dollar on Tuesday, nearly unchanged from its previous close of 85.62, mirroring muted moves in most Asian currencies. Oil prices edged higher on Tuesday, supported by optimism around ongoing U.S.-China trade talks and expectations of a slight dip in Saudi Arabia's crude exports to China. Brent crude futures rose 16 cents to $67.20 a barrel while U.S. West Texas Intermediate (WTI) crude gained 14 cents, or 0.2%, to trade at $65.43. Stay tuned. It's a wait-and-watch week — especially for Fed policy next week.
Time of India
an hour ago
- Time of India
ET Market Watch: Sensex Ends Flat as Banks Drag, Nifty Holds 25,100
Transcript D-Street hit the pause button today! The Sensex slipped 53 points, closing at 82,391, while the Nifty managed to hold above 25,100 — up just 1 point!Why flat?Banking stocks dragged the mood down despite global optimism and RBI policy Bank and ICICI Bank cooled off after a 4-day rally — both down nearly 0.6–0.8%.But tech saved the day!Nifty IT jumped 1.7% — thanks to hopes of a U.S.-China trade gainers? Tech Mahindra, Infosys, HCL Tech – all up over 1–2%.Big movers:• RattanIndia Enterprises +19%• Reliance Power +10%• Adani Power +5%However, real estate slipped: Prestige, DLF, Lodha — all fell 1–3%.Globally?Markets are cautiously optimistic as U.S.-China trade talks extend into a second rate cut bets are cooling. Traders broadly expect the Federal Reserve to hold rates steady at its policy meeting next week, with markets pricing in just 44 basis points of rate cuts by Indian rupee closed at 85.6025 against the U.S. dollar on Tuesday, nearly unchanged from its previous close of 85.62, mirroring muted moves in most Asian prices edged higher on Tuesday, supported by optimism around ongoing U.S.-China trade talks and expectations of a slight dip in Saudi Arabia's crude exports to crude futures rose 16 cents to $67.20 a barrel while U.S. West Texas Intermediate (WTI) crude gained 14 cents, or 0.2%, to trade at $ tuned. It's a wait-and-watch week — especially for Fed policy next week.
The Print
2 hours ago
- The Print
Sensex snaps 4-day rally, Nifty ends unchanged in volatile trade
The index opened higher and climbed further 235.58 points or 0.28 per cent to 82,680.79 in morning trade. However, the barometer pared gains later due to profit-taking in index major Reliance Industries, HDFC Bank and ICICI Bank. It dropped by 204.81 points or 0.24 per cent to hit a low of 82,240.40 during the day. The 30-share Sensex declined by 53.49 points or 0.06 per cent to settle at 82,391.72 with 14 of its constituents closing lower, 15 with gains and one remaining unchanged. Mumbai, Jun 10 (PTI) Benchmark BSE Sensex closed lower by 53 points in a volatile trade on Tuesday, snapping its four-day winning run due to profit-taking in banking and energy shares. The 50-share NSE Nifty eked out gains of 1.05 points to end at 25,104.25, marking its fifth straight day of gains on the back of gains in IT and pharma shares. In the past four days, the Nifty has jumped over 560 points or 2.27 per cent while the Sensex rallied 1,707.7 points or 2.11 per cent. 'Markets traded in a lacklustre manner and ended almost unchanged, taking a breather after the recent surge. Participants remain slightly cautious amid mixed global cues, and the divergent trend among index heavyweights continues to weigh on overall sentiment,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers. Investors await the outcome of the US-China trade talks being held in London. The BSE smallcap gauge climbed 0.33 per cent and midcap index went up 0.04 per cent. Among sectoral indices, BSE Focused IT surged the most by 1.63 per cent, followed by IT (1.58 per cent), utilities (1.11 per cent), power (0.95 per cent), teck (0.87 per cent), healthcare (0.45 per cent) and commodities (0.40 per cent). Realty dropped 1.18 per cent, telecommunication (0.55 per cent), financial services (0.46 per cent), services (0.21 per cent) and consumer discretionary (0.16 per cent). Overall market breadth was positive with 2,232 stocks advancing, 1,805 scrips declining and 135 stocks settling unchanged on BSE. Meanwhile, the Association of Mutual Funds in India (AMFI) data showed that net inflows into equity mutual funds declined by 21.66 per cent to hit a 12-month low of Rs 19,013.12 crore in May. This was the fifth consecutive month of decline in inflow in equity funds. Also, the latest fund infusion by investors marks the 51st consecutive month of net inflows into the segment. 'The Indian equity markets remained muted throughout May 2025, weighed down by a confluence of geopolitical concerns, profit-booking, and market consolidation. After a robust performance in the preceding months, elevated stock valuations prompted investors to take a cautious stance, resulting in a noticeable slowdown in equity inflows,' Viraj Gandhi, CEO, SAMCO Mutual Fund, said. In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in the positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended marginally lower. European markets were trading on a mixed note. US markets ended mostly higher on Monday. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,992.87 crore on Monday, according to exchange data. Global oil benchmark Brent crude climbed 0.39 per cent to USD 67.19 a barrel. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
