Stock market update: Nifty Bank index advances 0.7%

NEW DELHI: The Nifty Bank index closed on a positive note on Wednesday.

Shares of State Bank of India(up 2.14 per cent), AU Small Finance Bank(up 1.9 per cent), IndusInd Bank(up 1.29 per cent), HDFC Bank(up 1.26 per cent) and Axis Bank(up 0.73 per cent) ended the day as top gainers in the pack.

On the other hand, Bandhan Bank(down 1.98 per cent), Federal Bank(down 1.77 per cent), IDFCBANK(down 0.99 per cent), Punjab National Bank(down 0.63 per cent) and Bank of Baroda(down 0.58 per cent) finished as the top losers of the day.

The Nifty Bank index closed 0.7 per cent up at 35972.1.

Benchmark NSE Nifty50 index ended up 180.3 points at 16520.85, while the BSE Sensex stood up 629.91 points at 55397.53.

Among the 50 stocks in the Nifty index, 35 ended in the green, while 14 closed in the red.

Shares of SAIL, ONGC, Vedanta, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE.

Shares of Paradeep Phosphates Ltd., Crown Lifters, Delhivery Ltd., Royal Orchid and International Constructions Ltd. hit their fresh 52-week highs in today's trade, while Vikas Proppant & Gr, Setco Automotive, DRC Systems India Ltd., Radhika Jeweltech and OrissaBengalCarrier hit their fresh 52-week lows.