Synopsis: As market conditions remain subdued, the Nifty Bank index experienced a marginal decline of 0.06%, settling at 43,656.4. Here’s a comprehensive update on the notable shifts in the banking sector.
Nifty Bank Index Update: At 11:05 AM (IST) on Friday, the Nifty Bank index faced a downturn, reflecting the overall weakness in the market.
Top Gainers: Leading the gainers’ chart were:
- Federal Bank Ltd.: +0.27%
- ICICI Bank Ltd.: +0.12%
- Bank of Baroda: +0.05%
- HDFC Bank Ltd.: +0.02%
These banks demonstrated resilience amid the challenging market conditions.
Top Losers on the Index: Conversely, the following banks experienced declines:
- Au Small Finance Bank Ltd.: -0.63%
- Bandhan Bank Ltd.: -0.55%
- Kotak Mahindra Bank Ltd.: -0.43%
- IDFC First Bank Ltd.: -0.41%
- Punjab National Bank: -0.13%
The fluctuating fortunes of these banking giants highlight the intricacies of the financial landscape.
Current Market Snapshot: As of the latest report, the Nifty Bank index was down 0.06% at 43,656.4. Simultaneously, the NSE Nifty50 index observed a dip of 35.7 points, reaching 19,359.6. The BSE Sensex mirrored this trend, down by 136.08 points at 64,696.12.
Nifty Index Overview: Within the Nifty index, 18 stocks saw positive movement, while 32 faced declines, illustrating the mixed sentiment among investors.
Most Traded Shares on NSE: Prominent among the most traded shares on the NSE were Vodafone Idea, YES Bank, JP Power, Reliance Power, and Zomato.
Fresh 52-Week Highs and Lows: Today’s trading session witnessed significant milestones for certain stocks:
Fresh 52-Week Highs:
- Kothari Petro
- CarTrade Tech
- Sharda Motor
- Antony Waste Handlin
- Venus Remedies
Fresh 52-Week Lows:
- M K Proteins
- Hindcon Chemicals
- Compuage Infocom
- Campus Activewear
- Petronet LNG
These contrasting movements underline the dynamic nature of the market, urging investors to navigate carefully in the current economic climate.
