Nifty Bank index finally sheds off its losing streak

Following a downward rally in the previous two trading sessions, the Nifty Bank index finally posted some gains during Monday’s trade with Axis Bank leading the pack. The index was trading at the 24,142.85 level, up by 68.40 points or 0.28%.
 
The stock of Axis Bank was trading at Rs 495.55 per share, up by Rs 5.15 or 1.05% as at 1105 hours. It attracted a traded volume of 10,87,863 shares and traded value of Rs 5,382.09 lakhs. Among other banking majors, ICICI Bank was up 1.02% at Rs 296.15, Yes Bank was up 0.71% at Rs 1,732.90, Bank of Baroda was up 0.51% at Rs 147.95, Induslnd Bank was up 0.29% at Rs 1,625.70, and Kotak Mahindra Bank was up 0.21% at Rs 985.60.
 
Meanwhile, State Bank of India, HDFC Bank, Punjab National Bank, IDFC Bank, Canara Bank, and Federal Bank were trading in the red.