Stock market update: Bank stocks fall; HDFC Bank slips 2%

NEW DELHI: Bank stocks were trading lower at 03:05PM (IST) on Tuesday.

Shares of HDFC Bank (down 1.62 per cent), RBL Bank (down 0.85 per cent), State Bank of India (down 0.65 per cent), ICICI Bank (down 0.21 per cent) and Kotak Mahindra Bank (down 0.11 per cent) were the top losers in the index.

While AU Small Finance Bank (up 2.57 per cent), IndusInd Bank (up 2.06 per cent), Punjab National Bank (up 1.51 per cent), Bandhan Bank (up 1.18 per cent) and Federal Bank (up 0.69 per cent) were among the top gainers.

The Nifty Bank index was trading 0.38 per cent down at 31089 around 03:05PM.

Benchmark NSE Nifty50 index was down 64.45 points at 14295, while the BSE Sensex was down 224.24 points at 47725.18.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 29 were in the red.

Shares of PNB, Vodafone Idea, YES Bank, Tata Motors and SBI were among the most traded shares on the NSE.

Shares of Supreme Petrochem, Macrotech Developers, Cadila Healthcare, JSPL and CAMS hit their fresh 52 week high in today's trade, while Mittal Life Style, Jump Networks, Radha Madhav Corporation, Global Education, Bharat Road Network, Asian Hotels (West), Sharda Motor Industries and Marine Electricals (India) hit fresh 52 week low in trade.