Stock market update: Nifty Bank index falls 0.44%

The Nifty Bank index closed 0.44 per cent down at 47242.65.

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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 negative note on Tuesday.

Shares of Federal Bank Ltd.(up 0.83 per cent), Bandhan Bank Ltd.(up 0.77 per cent) and Kotak Mahindra Bank Ltd.(up 0.03 per cent) ended the day as top gainers in the pack.

On the other hand, Au Small Finance Bank Ltd.(down 3.04 per cent), IDFC First Bank Ltd.(down 1.4 per cent), HDFC Bank Ltd.(down 0.77 per cent), Axis Bank Ltd.(down 0.48 per cent) and State Bank of India(down 0.25 per cent) finished as the top losers of the day.


The Nifty Bank index closed 0.44 per cent down at 47242.65.

Benchmark NSE Nifty50 index ended up 31.85 points at 21544.85, while the BSE Sensex stood up 30.99 points at 71386.21.

Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red.
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Shares of YES Bank, Vodafone Idea, Trident Ltd, RattanIndia Power and Alok Industries were among the most traded shares on the NSE.

Shares of Visagar Polytex, Pavna Industries, Pondy Oxides, PNB Gilts and Hercules Hoists hit their fresh 52-week highs in today's trade, while SKS Textiles, Muthoot Microfin, Raj Rayon, Gandhar Oil Refinery and IndInfravit Trust hit their fresh 52-week lows.
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