Today, Bank Stocks Kept Sectoral Index in Green

September 6, 2018

On Thursday, during the morning session, many of the bank stocks were trading up. This kept the sectoral index in the green. But this does not mean there were no losses. The shares suffering from losses are RBL Bank, Axis Bank, HDFC Bank and ICICI Bank. These shares restricted the gains in the bank index.

At around 10:45 am, the Nifty Bank index was trading 0.20 per cent up at 27,430. The top gainers of the bank index are Kotak Mahindra Bank, Punjab National Bank, Bank of Baroda and State Bank of India. Some other stocks, those were top gainers in the index are IndusInd Bank, Federal Bank, YES Bank and IDFC Bank too were in the green. Equity market was in the positive territory on gains in power, metal, bank, auto and FMCG counters. Benchmark NSE Nifty50 index was up 26 points at 11,503, while the BSE Sensex was up 113 points at 38,131.

Out of 50 stocks in Nifty index, 33 were trading in the green, while 17 were in the red. Power Grid Corporation, Ultratech Cement, Tata Steel, Lupin and Kotak Mahindra Bank were among the top gainers in the Nifty index. Zee Entertainment Enterprises, Hindalco Industries, ONGC, Tech, Mahindra and Bharti Infratel were among the top losers in the Nifty pack of stocks.

About nehanchal

I am Nehanchal. 3 years ago, I started my career as content writer at Money classic Research. I am fascinated with this job and I feel habit of reading and writing enhances your skills. I love to write technical and health blogs. However, I am engineer turned writer and pursued graduation at Rajiv Gandhi Prodyogiki Vishwavidhyalaya.
By: nehanchal

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