Tech Mahindra, Infosys, HCL Tech, TCS and Titan Company were among the top losers on NSE.

The Nifty Bank index closed 0.54 per cent up at 43946.55.

UCO Bank, Indbank Merc, Central Bank, Dhanlaxmi Bank and IOB, hit their fresh 52-week highs during the day.

In the Nifty50 index, 35 stocks closed in the green, while 15 stocks ended in the red.

The Nifty Pharma index closed 0.31 per cent up at 12797.75.

The Nifty Realty index closed 0.8 per cent down at 446.0.

Apollo Hospital, Hindalco, BPCL, UPL and Nestle India were among the top losers on NSE in today's trade.

The Nifty Auto index closed 0.44 per cent up at 12931.0.

The Nifty IT index closed 1.12 per cent up at 29376.55.

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.

In the Nifty 50 index, 35 stocks ended in the green, while 15 stocks closed in the red in today's trade.

The Nifty Auto index was trading 0.58 per cent up at 12949.25.

In the Nifty 50 index, 27 stocks were trading in the green, while 22 stocks were trading in the red.

The Nifty Bank index was trading 0.49 per cent up at 43923.85.

In the Nifty pack, 24 stocks were trading in the green, while 26 stocks were trading in the red.

The Nifty IT index was trading 0.34 per cent up at 29149.2.

The Nifty Pharma index was trading 0.29 per cent down at 12721.4.

In the Nifty50 index, 26 stocks were trading in the green, while 22 stocks were in the red.

The Nifty Realty index was trading 0.49 per cent down at 447.4.

The Nifty Realty index closed 0.46 per cent up at 449.6.

The Nifty Bank index closed 0.17 per cent up at 43708.75.

The Nifty IT index closed 0.4 per cent down at 29050.5.

The Nifty Auto index closed 0.04 per cent up at 12874.35.

A meeting of the board of directors of the Dhanlaxmi Bank is scheduled today to consider/ approve the raising of funds by way of issuance of Non-Convertible Debentures (NCD5) in the form of Basel III compliant Tier 2 Bonds aggregating to Rs 300 crores.

UPL, Eicher Motors, ICICI Bank, Cipla and Bajaj Auto were among the top losers on NSE in today's trade.

The Nifty Auto index closed 0.3 per cent down at 13191.75.

The Nifty Bank index closed 0.07 per cent up at 43260.65.

The Nifty Realty index closed 1.98 per cent up at 459.05.

The Nifty Pharma index closed 0.18 per cent down at 13120.65.

Axita Cotton, HPL Electric Power, Salasar Techno Engg, Dhanlaxmi Bank and HLV Ltd., hit their fresh 52-week highs during the day.

According to the new business statement for October published by the Insurance Regulatory and Development Authority of India (IRDAI), Bajaj Allianz is the fifth-largest private life insurer in terms of total market share, behind SBI Life, Max Life, HDFC Life and ICICI Prudential Life.

The appointment of three new directors indicate the warring factions are finally in an agreement.

On October 20, a section of shareholders of Dhanlaxmi Bank, led by known businessman B Ravindran Pillai, had called an EGM of the bank on November 12, seeking to suspend chief executive officer's power on capital expenditure among other issues.

The Nifty Bank index closed 1.04 per cent up at 41686.7.

The Nifty IT index closed 0.17 per cent up at 28741.3.

The Nifty Realty index closed 1.05 per cent up at 447.7.

The Nifty Pharma index closed 1.43 per cent down at 13230.0.

The verdict on the maintainability of writ petitions can set a precedent in similar cases. The HC has ruled that a private bank’s decision to appoint its Board of Directors is a private affair.

Dhanlaxmi has been facing issues at the top management for a while on account of a power struggle between a section of shareholders and management

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In its order, the Kerala court termed the dismissal of Mohanan, the officer, a gross violation of the principles of natural justice. However, it did not direct Dhanlaxmi Bank to pay him pension and leave encashment benefits. Mohanan says he may move the High Court challenging that decision. The bank, too, may counter.

Dhanlaxmi Bank has been in news in recent years for top level exits and financial woes. Here’s an explainer on the key issues in the bank.

The bank’s financials need to be improved and, more importantly, the board needs to be strengthened by inducting more independent shareholders who are truly independent.

According to rules, a group of shareholders that holds not less than one-tenth of the paid-up share capital on the date of the receipt of the requisition, carries the right of voting and can seek an EGM.