NEW DELHI: The Nifty Bank index settled 0.28 per cent up at 26,328 on Wednesday, backed by gains in YES Bank (up 1.73 per cent), Kotak Mahindra Bank (up 1.39 per cent) and State Bank of India (up 1 per cent).
Shares of HDFC Bank (up 0.88 per cent), IndusInd Bank (up 0.70 per cent) and Punjab National Bank (up 0.47 per cent) also managed to close the day with gains.
On the contrary, RBL Bank (down 1.73 per cent), IDFC Bank (down 1.71 per cent), ICICI Bank (down 1.69 per cent), Bank of Baroda (down 1.60 per cent), Axis Bank (down 1.26 per cent) and Federal Bank (down 0.98 per cent) settled in the negative terrain.Indian equity benchmarks extended losses to the second day on Wednesday on losses in bank, financial, capital goods, pharma, oil gas and auto stocks.
The Sensex slipped 43 points, or 0.12 per cent on Wednesday, settling at 34,906 with 11 stocks advancing and 20 declining.The Nifty50 fell 19 points, or 0.18 per cent, ending the day at 10,614, with 18 stocks in the green and 32 in the red.Among the sectors, Nifty Pharma declined over 1 per cent, emerging as the top loser among the sectoral indices.Besides pharma, auto, FMCG, IT, media and realty too remained in the negative zone.Mahindra Mahindra, Bajaj Finance, Coal India, YES Bank, Bajaj Finserv and Kotak Mahindra Bank emerged as the top gainers in the Nifty index on Wednesday.