Breaking Down Nifty Bank Index’s Performance
If you’re a crypto enthusiast looking to diversify your investment portfolio, you may want to keep an eye on the Nifty Bank index. Here’s a breakdown of how it performed recently:
Top Gainers of the Day
- Bandhan Bank Ltd. saw a 4.18% increase
- Punjab National Bank recorded a 3.79% jump
- Axis Bank Ltd. ended the day with a 2.42% gain
- State Bank of India rose by 2.09%
- ICICI Bank Ltd. closed with a 1.82% increase
Top Losers of the Day
- HDFC Bank Ltd. experienced a 1.25% decline
- Au Small Finance Bank Ltd. dropped by 1.16%
- IndusInd Bank Ltd. finished the day with a 0.31% decrease
Overall Performance
The Nifty Bank index ended the day up by 0.74% at 47924.9 points. The NSE Nifty50 index gained 189.41 points, closing at 22336.4, while the BSE Sensex saw an increase of 560.29 points, finishing at 73648.62.
Stock Movement
Out of the 50 stocks in the Nifty index, 44 ended in the green, while 6 closed in the red. Some of the most traded shares on the NSE included Vodafone Idea, YES Bank, Indian Renewable, Jio Financial Servic, and South Indian Bnk.
- Hindustan Motor, Premier Exp, Lloyds Steels, Skipper Ltd(PP), and Kalyani Invst reached their fresh 52-week highs.
- MEP Infrastructure, CMI Ltd, Sumeet Ind, Sheela Foam, and GIR Natureview hit their fresh 52-week lows.
Hot Take on the Market Performance
If you’re considering diving into the world of crypto trading, staying informed about traditional markets like the Nifty Bank index can provide valuable insights. Keep a close watch on the market dynamics to make informed investment decisions in both crypto and traditional assets.
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