Stock market update: Bank stocks fall; Punjab National Bank slips over 2%

NEW DELHI: Bank stocks were trading on a negative note at 01:04PM (IST) on Thursday.

Shares of Federal Bank (down 2.68 per cent), Punjab National Bank (down 2.4 per cent), IDFC Bank (down 2.27 per cent), IndusInd Bank (down 2.21 per cent) and Axis Bank (down 1.85 per cent) were the top losers in the index.

While Kotak Mahindra Bank (up 1.59 per cent) and ICICI Bank (up 0.34 per cent) were among the top gainers.


The Nifty Bank index was trading 0.77 per cent down at 24045.75 around 01:04PM.

Benchmark NSE Nifty50 index was down 50.10 points at 11679.5, while the BSE Sensex was down 142.65 points at 39779.81.

Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of Vodafone Idea, Tata Motors, YES Bank, Axis Bank and NTPC were among the most traded shares on the NSE.

Shares of Navin Fluorine, Route Mobile Ltd., Tanla Solutions, Adani Green Energy Ltd. and Just Dial hit their fresh 52 week high in today's trade, while Mittal Life Style Ltd., Shubhlaxmi Jewel Art Ltd., Future Supply Chain Solutions Ltd., Vikas Proppant & Granite Ltd., GE Power India Ltd., Sumit Woods Ltd., Punjab National Bank, SKIL Infrastructure Ltd., AB Infrabuild Ltd. and Maheshwari Logistics Ltd. hit fresh 52 week low in trade.