The Nifty Bank index closes in the red
The Nifty Bank index closed on a negative note on Tuesday. Shares of State Bank of India, ICICI Bank Ltd., and Punjab National Bank ended the day as top gainers in the pack.
On the other hand, Bank of Baroda, Bandhan Bank Ltd., IndusInd Bank Ltd., Kotak Mahindra Bank Ltd., and Axis Bank Ltd. finished as the top losers of the day.
The Nifty Bank index closed 0.29 per cent down at 45690.8.
Benchmark indices end in positive territory
The benchmark NSE Nifty50 index ended up 157.71 points at 21929.4, while the BSE Sensex stood up 454.67 points at 72186.09.
Among the 50 stocks in the Nifty index, 35 ended in the green, while 15 closed in the red.
Shares of YES Bank, Vodafone Idea, IOB, NHPC, and UCO Bank were among the most traded shares on the NSE.
Shares of Bhagyanagar Ind, Ajmera Realty, Xchanging Sol, Arvind SmartSpaces, and Udayshivakumar Infra hit their fresh 52-week highs in today’s trade, while Stampede Cap(DVR), Butterfly Gandhi, Tatva Chintan Pharm, Sheetal Cool, and Medicamen Bio hit their fresh 52-week lows.
Hot Take: The Nifty Bank index faces losses while benchmark indices see gains
The Nifty Bank index closed on a negative note with several major banks experiencing losses. However, the benchmark indices, NSE Nifty50 and BSE Sensex, ended the day in positive territory, with a significant increase in points. While some stocks closed in the red, the majority closed with gains. Additionally, certain shares saw high trading volumes, while others reached fresh 52-week highs or lows. The market continues to fluctuate, presenting both challenges and opportunities for investors.
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