Stock market update: Nifty Bank index advances 2.31%

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

Shares of Punjab National Bank(up 7.65 per cent), Federal Bank(up 6.78 per cent), IDFCBANK(up 5.0 per cent), Bank of Baroda(up 4.76 per cent) and IndusInd Bank(up 4.17 per cent) ended the day as top gainers in the pack.

On the other hand, Kotak Mahindra Bank(down 0.46 per cent) finished as the top losers of the day.

The Nifty Bank index closed 2.31 per cent up at 42630.15.

Benchmark NSE Nifty50 index ended up 207.8 points at 18014.6, while the BSE Sensex stood up 721.13 points at 60566.42.

Among the 50 stocks in the Nifty index, 38 ended in the green, while 11 closed in the red.

Shares of YES Bank, Suzlon Energy, IOB, PNB and UCO Bank were among the most traded shares on the NSE.

Shares of SecUR Credentials, Usha Martin, Network People Services Technologies Ltd., Ascom Leasing & Inve and Gretex Industries hit their fresh 52-week highs in today's trade, while Blue Chip India, Abans Holdings Ltd., Quintegra Sol, All E Technologies Ltd. and Sintex Inds. hit their fresh 52-week lows.