Share market update: Bank shares mixed; Kotak Mahindra Bank surges over 10%

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NEW DELHI: Bank shares were trading mixed with the Nifty Bank index up 1.02 per cent up at 26,466.8 on Friday.

Shares of Kotak Mahindra Bank (up 10.61 per cent), Bank of Baroda (up 0.90 per cent), Punjab National Bank (up 0.38 per cent) and ICICI Bank (up 0.19 per cent) were the top performers in the index.

Federal Bank (down 1.65 per cent), YES Bank (down 1.16 per cent), IndusInd Bank (down 0.92 per cent) and RBL Bank (down 0.91 per cent) were the top losers in the index.

Benchmark NSE Nifty50 index was up 47 points at 10,648.15 while BSE Sensex was up 196.64 points at 35,508.77.

Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red.

Shares of YES Bank, Kotak Bank, Sun Pharma, SAIL, Bank of Baroda, Ashok Leyland, ICICI Bank, Tata Motors, HCL Tech, Axis Bank and L&T Fin Holding were among the most traded shares on the NSE on Friday.

Source: Economic Times