Bank Nifty climbs 100 pts; IndusInd Bank, PNB, Federal Bank gain

3 Jan 2023 , 10:29 AM

Banking stocks witnessed healthy gains on Tuesday trading session. Heavyweights IndusInd Bank, Axis Bank, SBI Bank led to drive the index on both benchmarks Sensex and Nifty.  A broad-based buying was recorded on the index with exception of IDFC First Bank.

At around 10:40 PM, Bank Nifty was trading at 43,318.55 up 115.45 points or 0.27%. The index has touched an intraday high and low of 43,341.45 and 43,148.45 respectively.

Nifty Financial Services at 19,081.70 up 7.25 points or 0.04%. Nifty PSU Bank was 4,384.15 up 0.81% and Nifty Private Bank at 22,103.40 up 0.47%.

Meanwhile, Indian Benchmarks indices was on a muted note today. BSE Sensex was trading at 61,251.51 up 83.72 points or 0.14% and Nifty 50 at 18,230.55 up 33.10 points or 0.18%

On the trading window, IndusInd Bank was the top gainer soaring over 1.6% followed by Bank of Baroda surging 1.4% at Rs188.90 per share.

Banking majors PNB, Federal Bank, Bandhan Bank led the rally session by surging over 1% each. Axis Bank and AU Bank jumped nearly 1% each while SBI, Kotak Bank, HDFC Bank and ICICI Bank were marginally higher to support the upside trend.

However, on the downside, IDFC First Bank was the only laggard but with marginal loss.

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