Stock market update: Nifty Bank index leaps over 2%; Kotak Mahindra Bank climbs 4%

NEW DELHI: Nifty Bank index was trading higher at 12:21PM (IST) on Monday.

Shares of Kotak Mahindra Bank (up 3.74 per cent), HDFC Bank (up 3.16 per cent), IndusInd Bank (up 2.05 per cent), ICICI Bank (up 1.85 per cent) and IDFC Bank (up 1.46 per cent) were among the top gainers.

While Bank of Baroda (down 1.55 per cent) and Punjab National Bank (down 1.12 per cent) were the top losers in the index.

The Nifty Bank index was trading 2.24 per cent up at 22798.25 around 12:21PM.

Benchmark NSE Nifty50 index was up 95.50 points at 11467.1, while the BSE Sensex was up 327.94 points at 38762.66.

Among the 50 stocks in the Nifty index, 31 were trading in the green, while 18 were in the red.

Shares of Vodafone Idea, YES Bank, Zee Ent., GMR Infra and BHEL were among the most traded shares on the NSE.

Shares of Fine Organic Industries Ltd., Indiabulls Ventures (PP), Vinati Organics, Affle (India) Ltd. and BASF India hit their fresh 52 week high in today’s trade, while Eicher Motors Ltd. hit fresh 52 week low in trade.