Stock market update: Banking stocks trade green; State Bank of India shares jump up to 13.50%
Banking stocks were trading with gains, with the S&P BSE BANKEX index increasing 1075.16 points or 2.69% at 41016.34 at 09:48 IST.
Among the components of the S&P BSE BANKEX index, State Bank of India (up 13.32%), IndusInd Bank Ltd (up 2.65%), Kotak Mahindra Bank Ltd (up 2.39%), RBL Bank Ltd (up 2.08%), Axis Bank Ltd (up 1.87%), were the top gainers. Among the other gainers were HDFC Bank Ltd (up 1.83%), City Union Bank Ltd (up 1.71%), Bandhan Bank Ltd (up 0.69%), ICICI Bank Ltd (up 0.3%), and Federal Bank Ltd (up 0.29%).
At 09:48 IST, the S&P BSE Sensex was up 276.52 or 0.55% at 50890.81.
The Nifty 50 index was up 84.8 points or 0.57% at 14980.45.
The S&P BSE Small-Cap index was up 73.01 points or 0.38% at 19221.75.
The S&P BSE 150 Midcap Index index was up 9.14 points or 0.14% at 6517.27.
On BSE,1370 shares were trading in green, 802 were trading in red and 96 were unchanged.
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