The Nifty Bank index concluded the trading session on Monday with a slight decline. While some banking stocks saw gains, others experienced losses, resulting in a mixed performance for the sector.
Among the top gainers in the pack were IDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Punjab National Bank, and Bandhan Bank. These stocks recorded positive movements of 1.53%, 1.16%, 0.4%, 0.39%, and 0.21% respectively.
Conversely, HDFC Bank, ICICI Bank, AU Small Finance Bank, Axis Bank, and State Bank of India emerged as the top losers of the day. These stocks saw declines of 0.61%, 0.22%, 0.1%, 0.06%, and 0.01% respectively.
Closing the day’s session, the Nifty Bank index registered a modest decrease of 0.1%, settling at 43,944.2.
In the broader market, the benchmark NSE Nifty50 index ended the day with a gain of 38.1 points, reaching 18,601.5. Similarly, the BSE Sensex stood at 62,724.71, reflecting an increase of 99.08 points.
Among the 50 stocks included in the Nifty index, 33 closed in the green while 17 ended in the red, indicating a slightly positive sentiment overall.
Moving on to the most actively traded shares on the NSE, Suzlon Energy, Reliance Power, Zomato, Vodafone Idea, and YES Bank attracted significant trading volumes.
Additionally, several stocks hit their fresh 52-week highs, including PTC Industries, Jay Bharat Maruti, Nagreeka Export, KPI Global Infra, and Max India. Conversely, Power & Instrument, Supreme Engineering, SS Infrastructure, Rachana Infrastructure, and Jet Knitwears experienced declines, reaching their fresh 52-week lows.
As the stock market continues to show mixed movements, investors and market participants will closely monitor upcoming developments and key indicators to make informed decisions.
