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Nifty, Sensex Turn Range Bound, Bank Stock Up

Market frontline indices were trading between gains and losses though mid-morning session.

The NSE’s Benchmark index Nifty50 was up by 6 points at 11917-level while BSE index Sensex up by 35 points at 39852-level at 11.25am.

IndiabullsHF, Asian paints, IndusInd bank, Zeel and Britannia are among top gainers on the Nifty, while Vedanta, Gail, Eicher Motors, Hindalco and Dr.Reddys were losers.

Bank stocks were moving with gains with Nifty Bank Index trading up by 0.19% at 31,343-levels. IndusInda Bank, Federal bank, Bank of Baroda and YesBank trade in  gains upto 1.46% in the Nifty Bank index. Also Nifty PSU Bank (up 0.75%), Pvt bank (0.29%) indices are trading in the green.

Jammu and Kashmir bank, Bank of India, Union Bank and Bank of Baroda have gained upto 2.38% in Nifty PSU Bank index.

Among 50-stock Nifty, 24 stocks were trading in the green while 26 stocks were in the red.

Some stocks on the NSE hit their 52-week lows which include Cox & Kings, Capital Trust, Tourism Finance Corporation, Healthcare Global Enterprises and D B Realty.