Stock market update: Nifty Bank index advances 1.75%

The Nifty Bank index closed 1.75 per cent up at 40608.65.

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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 Friday.

Shares of ICICI Bank(up 3.08 per cent), Bandhan Bank(up 3.08 per cent), Bank of Baroda(up 2.68 per cent), Federal Bank(up 2.48 per cent) and Axis Bank(up 1.89 per cent) ended the day as top gainers in the pack.

On the other hand, AU Small Finance Bank(down 1.08 per cent) finished as the top losers of the day.


The Nifty Bank index closed 1.75 per cent up at 40608.65.

Benchmark NSE Nifty50 index ended up 279.05 points at 17359.75, while the BSE Sensex stood up 1031.43 points at 58991.52.

Among the 50 stocks in the Nifty index, 43 ended in the green, while 7 closed in the red.
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Shares of Vodafone Idea, YES Bank, BEL, Suzlon Energy and Zomato Ltd. were among the most traded shares on the NSE.

Shares of Sonu Infratech Ltd., Pondy Oxides, Asian Hotels, Apar Industries and Som Distill hit their fresh 52-week highs in today's trade, while Future Enterprises, Antarctica Ltd, Techindia Nirman, Pritika Engineering Components Ltd. and Goenka Diamond hit their fresh 52-week lows.
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