Nifty Bank Index Declines as Key Banking Stocks Drop (Business Opportunities - Other Business Ads)

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Nifty Bank Index Declines as Key Banking Stocks Drop


New Delhi: The Nifty Bank index closed on a negative note on Tuesday, reflecting a broader decline in major banking stocks. The index fell by 0.69%, closing at 49,748.3. This downturn came as several prominent banks saw their shares drop significantly by the end of the trading day.

Top Gainers and Losers in the Nifty Bank Index

Among the Nifty Bank constituents, Au Small Finance Bank Ltd. emerged as the top gainer, closing up by 0.62%. This gain contrasted sharply with the losses observed in other major banking stocks.

On the losing side, State Bank of India (SBI) saw its shares decline by 1.72%, making it the top loser of the day. This was followed by HDFC Bank Ltd., which closed down by 0.91%. Other notable losers included Federal Bank Ltd. (down 0.77%), Axis Bank Ltd. (down 0.66%), and IndusInd Bank Ltd. (down 0.61%).

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Last Update : Aug 07, 2024 10:41 AM
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