Bank Shares May 7th; IndusInd Bank Limited jumped almost 7%

Bank Shares May 7th; IndusInd Bank Limited jumped almost 7%

Bank Shares May 7th; IndusInd Bank Limited jumped almost 7%

Bank Shares May 7th: On, Thursday, both Sensex and Nifty reported a bearish trend in the stock market after bullish reports in the last session. The Sensex is trading below 31,500 level, and Nifty is trading below the 9,300 level in the stock market. The Sensex lost 186.28 points with a 0.60% decrease and reached a 31,495.58 level. While Nifty lost 57.65 points with a 0.62% decrease and reached 9,213.25 level.

On the other side, the number of coronavirus cases in India reached 52,952 as of Wednesday, May 7th, and deaths reached 1,783.

Besides, the Nifty Bank reported a bearish trend in the stock market on Thursday. It lost 153.00 with a 0.78% decrease and reached 19,514.55 level. The list of companies that reported a bearish trend in the stock market are as follows:

ICICI Bank: The bank trading bearishly in the stock market on Thursday. The bank lost 3.90 points with a 1.14% decrease and reached 337.50 INR. While in BSE, the bank lost 4.30 points with a 1.26% decrease and reached 337.10 INR.

State Bank of India: The bank trading bearishly in the stock market on Thursday. The bank lost 0.80 points with a 0.47% decrease and reached 170.30 INR. While in BSE, the bank lost 0.80 points with a 0.47% decrease and reached 170.25 INR.

Federal Bank Limited: The bank trading bearishly in the stock market on Thursday. The bank lost 0.70 points with a 1.60% decrease and reached 43.10 INR. While in BSE, the bank lost 0.70 points with a 1.60% decrease and reached 43.15 INR.

Kotak Mahindra Bank Limited: The bank trading bearishly in the stock market on Thursday. The bank lost 45.20 points with a 3.63% decrease and reached 1,200.75 INR. While in BSE, the bank lost 43.70 points with a 3.51% decrease and reached 1,201.70 INR.

Top gainers in the Banking sector on May 7th stock market are as follows:

IndusInd Bank Limited: The bank trading bullishly in the stock market on Thursday. The bank gained 28.35 points with a 6.66% increase and reached 454.15 INR. While in BSE, the bank gained 28.10 points with a 6.60% increase and reached 453.75 INR.

Punjab National Bank Limited: The bank trading bullishly in the stock market on Thursday. The bank gained 0.55 points with a 1.87% increase and reached 29.90 INR. While in BSE, the bank gained 0.55 points with a 1.87% increase and reached 29.95 INR.

Bank of Baroda Limited: The bank trading bullishly in the stock market on Thursday. The bank gained 0.10 points with a 0.24% increase and reached 42.40 INR. While in BSE, the bank gained 0.10 points with a 0.24% increase and reached 42.40 INR.

Bandhan Bank Limited: The bank trading bullishly in the stock market on Thursday. The bank gained 7.20 points with a 2.89% increase and reached 256.50 INR. While in BSE, the bank gained 7.80 points with a 3.14% increase and reached 256.60 INR.

Axis Bank Ltd: The bank trading bullishly in the stock market on Thursday. The bank gained 4.60 points with a 1.18% increase and reached 393.45 INR. While in BSE, the bank gained 5.10 points with a 1.31% increase and reached 393.45 INR.

In the border market, the S&P BSE Smallcap index reported a bullish trend in the stock market on Thursday. It gained 18.18 points with a 0.17% increase and reached a 10,719.49 level. The S&P BSE Midcap index gained 24.55 points with a 0.21% increase and reached an 11,504.64 level. 

Top Gainers on May 7th: Adani Ports, Bharti Infratel, Tech Mahindra, Indusind Bank, and M&M are the top gainers in the stock market. 

Top Losers on May 7th: BPCL, ONGC, Britannia, Asian Paints, and Kotak Mahindra are the top losers in the stock market.

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