Stock market update: Nifty Bank index advances 0.5% in an upbeat market

NEW DELHI: The Nifty Bank index traded positive around 10:04AM(IST)on Monday in an upbeat market.

Punjab National Bank(up 2.2 per cent), Federal Bank(up 1.48 per cent), Bank of Baroda(up 1.3 per cent), AU Small Finance Bank(up 1.2 per cent) and IDFCBANK(up 0.75 per cent) were among the top gainers.

Axis Bank(down 0.41 per cent) were the top losers on the index.

The Nifty Bank index was up 0.5 per cent at 42583.35 at the time of writing this report.

Benchmark NSE Nifty50 index was up 22.7 points at 17979.3, while the BSE Sensex was up 123.28 points at 60384.46.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.

Shares of YES Bank, PNB, IOB, Bank of Maharashtra and L&T Fin Holding were among the most traded shares on the NSE.

Shares of Generic Engg, Roto Pumps, Bombay Super Hybrid, Innovana Thinklabs and Network People Services Technologies Ltd. hit their fresh 52-week highs in today's trade, while Music Broadcast, Wanbury Ltd, TCI Finance, Jaypee Infra and Sintex Inds. hit fresh 52-week lows in trade.