Share market update: Bank shares advance; IndusInd Bank rises over 1%

Source- economictimes.indiatimes.com

NEW DELHI: Bank shares were trading with gains in Wednesday’s morning session.

Shares of IndusInd Bank (up 1.55 per cent), Federal BankNSE -0.87 % (up 1.38 per cent), Bank of BarodaNSE 3.11 % (up 1.37 per cent) and YES Bank (up 1.09 per cent) were trading higher.

Punjab National Bank (up 1 per cent), Axis Bank (up 0.41 per cent), Kotak Mahindra Bank (up 0.17 per cent) and HDFC Bank (up 0.14 per cent) too were trading with gains.

The Nifty Bank index was trading 0.19 per cent up at 31,344.20 around 11:09 am.

Benchmark NSE Nifty50 index was up 6.55 points at 11,916.85 while the BSE Sensex was up 32.75 points at 39,849.23.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of YES Bank, Adani Power, Vodafone Idea, Ashok Leyland, Bank of Baroda, PNB, Indiabulls Housing Finance, ITC, SAIL and JSPL were among the most traded shares on the NSE.