Stock market update: Nifty Bank index advances 0.57% in an upbeat market

NEW DELHI: The Nifty Bank index traded positive around 10:14AM(IST)on Wednesday in an upbeat market.

HDFC Bank(up 1.84 per cent), Axis Bank(up 1.6 per cent), IDFCBANK(up 1.15 per cent), Federal Bank(up 0.94 per cent) and Bandhan Bank(up 0.89 per cent) were among the top gainers.

State Bank of India(down 1.16 per cent), IndusInd Bank(down 0.67 per cent), Bank of Baroda(down 0.6 per cent) and ICICI Bank(down 0.13 per cent) were the top losers on the index.

The Nifty Bank index was up 0.57 per cent at 40549.25 at the time of writing this report.

Benchmark NSE Nifty50 index was up 84.8 points at 17571.75, while the BSE Sensex was up 306.19 points at 59266.79.

Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red.

Shares of Suzlon Energy, BHEL, IDFC First Bank, PNB and Zomato Ltd. were among the most traded shares on the NSE.

Shares of Wonder Fibromats, Electronics Mart India Ltd., Mishra Dhatu Nigam, SecUR Credentials and BLS Int. Services hit their fresh 52-week highs in today's trade, while Aarti Inds, Akshar Spintex, C&C Construct, Supreme Engineering and Reliance Comm hit fresh 52-week lows in trade.