Stock market update: Nifty Bank index advances 1.23%

The Nifty Bank index closed 1.23 per cent up at 42635.75.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: The Nifty Bank index closed on a positive note on Monday.

Shares of IDFCBANK(up 3.19 per cent), ICICI Bank(up 2.16 per cent), Bank of Baroda(up 2.13 per cent), State Bank of India(up 2.11 per cent) and Axis Bank(up 2.09 per cent) ended the day as top gainers in the pack.

On the other hand, IndusInd Bank(down 1.29 per cent), Bandhan Bank(down 0.32 per cent) and AU Small Finance Bank(down 0.31 per cent) finished as the top losers of the day.


The Nifty Bank index closed 1.23 per cent up at 42635.75.

Benchmark NSE Nifty50 index ended up 119.35 points at 17743.4, while the BSE Sensex stood up 401.04 points at 60056.1.

Among the 50 stocks in the Nifty index, 35 ended in the green, while 15 closed in the red.
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Shares of YES Bank, Rail Vikas Nigam, Indian Railway Finance Corporation Ltd., Vodafone Idea and Bank of Maharashtra were among the most traded shares on the NSE.

Shares of Eimco Elecon, Rail Vikas Nigam, Tara Chand Logistic, Power Mech Proj and Viviana Power Tech Ltd. hit their fresh 52-week highs in today's trade, while Pashupati Cotspin, Gangotri Text, Omkar Speciality, BEML Land Assets and Parin Furniture hit their fresh 52-week lows.
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