Stock market update: Nifty Bank index falls 0.53%

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

Shares of Punjab National Bank(up 1.08 per cent), Axis Bank(up 0.72 per cent), Bank of Baroda(up 0.56 per cent), IDFCBANK(up 0.5 per cent) and Bandhan Bank(up 0.5 per cent) ended the day as top gainers in the pack.

On the other hand, Federal Bank(down 2.02 per cent), IndusInd Bank(down 1.7 per cent), AU Small Finance Bank(down 1.42 per cent), State Bank of India(down 0.92 per cent) and ICICI Bank(down 0.84 per cent) finished as the top losers of the day.

The Nifty Bank index closed 0.53 per cent down at 39455.9.

Benchmark NSE Nifty50 index ended down 31.2 points at 17624.4, while the BSE Sensex stood down 168.08 points at 59028.91.

Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red.

Shares of Vodafone Idea, YES Bank, Suzlon Energy, Bharti Airtel and JP Power were among the most traded shares on the NSE.

Shares of Bharat Wire Ropes, GRSE, Macpower CNC Machine, Rajratan Global and EIH hit their fresh 52-week highs in today's trade, while Debock Sales & Mktg, Shri Ram Switchgears, OrissaBengalCarrier, Tijaria Polypip and Mastek Ltd hit their fresh 52-week lows.