Stock market update: Nifty Bank index falls 0.5%

The Nifty Bank index closed 0.5 per cent down at 37850.85.

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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 Thursday.

Shares of RBLBANK(up 0.4 per cent) and ICICI Bank(up 0.2 per cent) ended the day as top gainers in the pack.

On the other hand, IDFCBANK(down 2.45 per cent), IndusInd Bank(down 1.8 per cent), Bandhan Bank(down 1.2 per cent), State Bank of India(down 0.85 per cent) and AU Small Finance Bank(down 0.8 per cent) finished as the top losers of the day.


The Nifty Bank index closed 0.5 per cent down at 37850.85.

Benchmark NSE Nifty50 index ended down 181.4 points at 17757.0, while the BSE Sensex stood down 634.2 points at 59464.62.

Among the 50 stocks in the Nifty index, 15 ended in the green, while 35 closed in the red.
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Shares of JP Power, Vodafone Idea, Suzlon Energy, YES Bank and Reliance Power were among the most traded shares on the NSE.

Shares of IFB Agro, Cambridge Tech, The Andhra Sugars, Control Print and Coffee Day Ent hit their fresh 52-week highs in today's trade, while McDowell Hold, Zydus Wellness, SBI Cards, Mas Fin Services and Spandana Sphoorty hit their fresh 52-week lows.
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