Bank Nifty trades positive in line with Nifty and Sensex

Bank Nifty opened higher by 69 points at 23,571 during Monday morning trading session. Nifty and Sensex also witnessed gap-up opening in the Monday’s trade. Nifty opened at 9,626 level higher by 38 points and Sensex opened 112 higher by 31,168 level.
Federal Bank, IndusInd Bank, Kotak Bank and HDFC Bank are trading near their 52-week highs. IndusInd Bank is the top gainer in the index trading higher by 0.8% at Rs 1,511.25 per share.
Nifty PSU Bank and Nifty Private Bank are trading higher by around 0.42%. In line with the major indices, all the PSU and private bank stocks are trading in the positive territory.