Market Now: Nifty Bank index firm; IDFC Bank surges 8%

NEW DELHI: The Nifty Bank index was trading 2 per cent up around 01:20 pm (IST) with shares of top gainer IDFC Bank up by 8 per cent.

Other top gainer bank stocks included ICICI Bank (up 5.75 per cent), State Bank of India (up 4.01 per cent), Axis Bank (up 3.45 per cent), Canara Bank (up 2.32 per cent), Bank of Baroda (up 2.09 per cent) and Punjab National Bank (up 2.08 per cent)

Kotak Mahindra Bank (down 0.62 per cent) and Federal Bank (down 0.16 per cent) were the two components of the Nifty Bank index that were in the red around that time.

Over 125 stocks, including Bata India, Bharti Airtel, Dabur India, Delta Corp and Dewan Housing Finance Corporation hit fresh 52-week highs on NSE in Wednesday's trade.

On the contrary, Gemini Communication, Hindustan Media Ventures, Stampede Capital, Supreme Tex Mart and TV Vision were among those 10 stocks that hit new 52-week lows on NSE.

Shares of Bharti Airtel, ICICI Bank, State Bank of India, Axis Bank, Vedanta and Hindalco Industries were among the top gainers in the Nifty50 index.

However, Eicher Motors, UPL, Dr Reddy's Labs, Zee Entertainment, HCL Tech and Tata Consultancy Services were among the top losers.