The Nifty Bank index ends on a positive note
The Nifty Bank index closed higher on Wednesday, with several banking stocks recording gains. Axis Bank, Bandhan Bank, HDFC Bank, ICICI Bank, and Au Small Finance Bank were the top gainers of the day. However, IDFC First Bank finished as the top loser. The Nifty Bank index closed at 44566.45, up by 1.56 percent.
In addition, the benchmark NSE Nifty50 index ended positively, gaining 206.9 points to reach 20096.6. The BSE Sensex also rose by 727.71 points to stand at 66901.91. Out of the 50 stocks in the Nifty index, 40 closed in the green while 9 closed in the red.
Top traded shares and fresh highs and lows
Indian Renewable, JP Power, Vodafone Idea, Reliance Power, and Suzlon Energy were among the most actively traded shares on the NSE. On the other hand, Aster DM Health, Shradha Infraprojects, Marksans Pharma, Torrent Power, and Minda Corp reached their fresh 52-week highs in today’s trade.
Conversely, Bohra Industries, Karda Const, Fourth Dimension Sol, Raj Rayon, and SEL Manufact hit their fresh 52-week lows.
Hot Take: Positive momentum for banking stocks
The Nifty Bank index closed on a positive note with several banking stocks showing gains. This indicates a positive momentum in the banking sector and reflects investor confidence in these stocks. With the benchmark indices also ending higher, it suggests overall optimism in the market. However, it is important to closely monitor individual stocks and their performance to make informed investment decisions.
By
By
By
By