Stock market update: Nifty Bank index falls 0.41% in a weak market

NEW DELHI: The Nifty Bank index traded negative around 10:29AM(IST)on Tuesday in a weak market.

Federal Bank(up 1.11 per cent), Axis Bank(up 0.87 per cent) and IDFCBANK(up 0.28 per cent) were among the top gainers.

AU Small Finance Bank(down 1.25 per cent), HDFC Bank(down 0.77 per cent), Kotak Mahindra Bank(down 0.73 per cent), IndusInd Bank(down 0.69 per cent) and State Bank of India(down 0.57 per cent) were the top losers on the index.

The Nifty Bank index was down 0.41 per cent at 38933.5 at the time of writing this report.

Benchmark NSE Nifty50 index was down 107.95 points at 17133.05, while the BSE Sensex was down 346.35 points at 57644.76.

Among the 50 stocks in the Nifty index, 9 were trading in the green, while 41 were in the red.

Shares of Suzlon Energy, JP Power, Shree Ren Sug, Vodafone Idea and Zomato Ltd. were among the most traded shares on the NSE.

Shares of Zenith Exports, Magnum Ventures, Everest Ind, Jindal Drilling and Dev Information Tech hit their fresh 52-week highs in today's trade, while Akshar Spintex, Mega Flex Plastics Ltd., Kandarp Digi Smart BPO Ltd., Tips Films Ltd. and Reliance Comm hit fresh 52-week lows in trade.