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Banking industry

Bank Shares Trade on Mixed Note in Tuesday's Session

Strategic Insights

— 1 min read

Markets in India saw a mixed trade in banking shares during Tuesday's session. While some banks such as HDFC Bank, IDFCBANK, and RBLBANK saw significant gains, others like IndusInd Bank, Punjab National Bank, and State Bank of India faced losses. The Nifty Bank index was up 1.64 percent, while the Nifty50 index and BSE Sensex also witnessed significant increases. Several stocks, including Vodafone Idea and YES Bank, saw high trading volumes.

Key Takeaways:

  • HDFC Bank led the gains with a 3.98 percent increase in its share price.
  • IDFCBANK followed closely with a 2.11 percent rise in its share value.
  • RBLBANK also saw a significant increase of 2.06 percent in its share price.
  • IndusInd Bank, Punjab National Bank, and State Bank of India were among the top losers, with decreases of 1.87 percent, 1.52 percent, and 0.44 percent respectively.
  • The Nifty Bank index saw a 1.64 percent increase at 21417.55 during the session.
  • The Nifty50 index was up by 151.25 points at 11042.85, and the BSE Sensex increased by 571.66 points at 37511.26.
  • Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.
  • Shares of Vodafone Idea, YES Bank, Tata Motors, and ICICI Bank were among the most traded shares on the NSE.

Statistics:

  • HDFC Bank's share price increased by 3.98 percent.
  • IDFCBANK's share price rose by 2.11 percent.
  • RBLBANK's share price incremented by 2.06 percent.
  • IndusInd Bank's share price decreased by 1.87 percent.
  • Punjab National Bank's share price fell by 1.52 percent.
  • State Bank of India's share price dropped by 0.44 percent.
  • The Nifty Bank index increased by 1.64 percent.
  • The Nifty50 index rose by 151.25 points.
  • The BSE Sensex increased by 571.66 points.
  • 33 out of 50 Nifty index stocks were trading in the green.
  • 17 out of 50 Nifty index stocks were trading in the red.
  • Vodafone Idea, YES Bank, Tata Motors, and ICICI Bank were among the top traded shares on the NSE.

Sources:

  • [Times of India]
  • [timescontent.com]

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