The Nifty Bank index traded negative on Tuesday morning, falling by 0.56% to 44336.05. Despite a weak market, there were some gainers and losers among the banks. Federal Bank Ltd. experienced a gain of 2.13%, while Punjab National Bank saw an increase of 0.49%. IndusInd Bank Ltd., Axis Bank Ltd., and Bank of Baroda also saw gains, with increases of 0.34%, 0.24%, and 0.18% respectively. On the other hand, Kotak Mahindra Bank Ltd. faced a loss of 0.99%, while Au Small Finance Bank Ltd., HDFC Bank Ltd., State Bank of India, and ICICI Bank Ltd. experienced losses of 0.96%, 0.95%, 0.83%, and 0.69% respectively. At the time of writing this report, the Nifty Bank index was down at 44336.05.
The benchmark NSE Nifty50 index was down by 111.25 points at 19527.05, and the BSE Sensex fell by 335.61 points at 65492.8.
Out of the 50 stocks in the Nifty index, 12 were trading in the green, while 38 were in the red.
Some stocks witnessed significant trading activity on the National Stock Exchange (NSE). These include JSW Infrastructure, Suzlon Energy, Vodafone Idea, JP Power, and YES Bank.
In terms of 52-week activity, Metro Brands, GTPL Hathway, Cords Cable Ind, Themis Medicare, and GOCL Corporation hit their fresh 52-week highs. On the other hand, Jalan Transolutions, FutureLifestyleFash, ideaForge Technology, Marvel Decor, and Mahickra Chemicals hit fresh 52-week lows.
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