Share market update: Nifty Bank index hits record high; IndusInd Bank rises over 4%
NEW DELHI: The Nifty Bank index hit a record high and surpassed previous high hit on March 23 2018 in Tuesday’s afternoon session.
Shares of IndusInd BankNSE 3.10 % (up 4.25 per cent) , ICICI Bank (up 3.10 per cent), Kotak Mahindra Bank (up 1.74 per cent) and Axis BankNSE 1.13 % (up 1.20 per cent) were the top performers in the index.
Bank of Baroda, RBL Bank and Federal Bank were trading lower.
The Nifty Bank index was trading 1.56 per cent up at 28,404.30 around 02:38 pm.
Benchmark NSE Nifty50 index was up 136.35 points at 11,304.4 while the BSE Sensex was up 483.81 points at 37,537.91.
Among the 50 stocks in the Nifty index, 38 were trading in the green, while 12 were in the red.
Shares of ICICI Bank, Ashok Leyland, Bharti Airtel, YES Bank, SBI, PowerGrid, BEL, Tata Motors, DLF, NTPC and HDFC Life Insurance Company were among the most traded shares on the NSE.