Stock market update: Nifty Bank index advances 1.55%

The Nifty Bank index closed 1.55 per cent up at 33191.75.

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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 Tuesday.

Shares of Bank of Baroda(up 5.38 per cent), Punjab National Bank(up 4.57 per cent), State Bank of India(up 3.69 per cent), Federal Bank(up 3.54 per cent) and Bandhan Bank(up 2.92 per cent) ended the day as top gainers in the pack.

On the other hand, AU Small Finance Bank(down 0.39 per cent) finished as the top losers of the day.


The Nifty Bank index closed 1.55 per cent up at 33191.75.

Benchmark NSE Nifty50 index ended up 288.65 points at 15638.8, while the BSE Sensex stood up 934.23 points at 52532.07.

Among the 50 stocks in the Nifty index, 49 ended in the green, while 1 closed in the red.
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Shares of IDFC First Bank, Vodafone Idea, SAIL, NTPC and Vedanta were among the most traded shares on the NSE.

Shares of Globesecure Technologies Ltd., Rachana Infrastructure Ltd., CMM Infraprojects Ltd., Globe Intl. Carriers and Kohinoor Foods hit their fresh 52-week highs in today's trade, while Ahimsa Industries L, Fidel Softech Ltd., Future Consumer, Sadbhav Eng and KN Agri Resources Ltd. hit their fresh 52-week lows.
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