Stock market update: Nifty Private Bank index up 1%; IndusInd Bank leaps 6%

NEW DELHI: Nifty Private Bank index was trading higher at 12:52PM (IST) on Thursday.

Shares of IndusInd Bank (up 6.0 per cent), Bandhan Bank (up 5.25 per cent), City Union Bank (up 2.45 per cent), RBL Bank (up 2.4 per cent) and Axis Bank (up 1.93 per cent) were among the top gainers.

While Kotak Mahindra Bank (down 1.31 per cent), IDFC Bank (down 0.31 per cent), Federal Bank (down 0.09 per cent) and HDFC Bank (down 0.06 per cent) were the top losers in the index.

The Nifty Private Bank index was trading 1.24 per cent up at 12977.7 around 12:52PM.

Benchmark NSE Nifty50 index was up 53.55 points at 11603.15, while the BSE Sensex was up 205.46 points at 39279.38.

Among the 50 stocks in the Nifty index, 25 were trading in the green, while 23 were in the red.

Shares of Tata Motors, Vodafone Idea, YES Bank, DLF and SBI were among the most traded shares on the NSE.

Shares of Central Depository Services (India) Ltd., Tata Elxsi, Strides Shasun , Atul Ltd and Dixon Technologies (India) Ltd. hit their fresh 52 week high in today’s trade.