Nifty Bank began today’s session higher at 54,208 versus yesterday’s close of 54,129. It is now trading at 54,240, up 0.2 per cent.

The advance/decline ratio stands at 5/9, showing a bearish bias. Kotak Mahindra Bank (up 2 per cent) and HDFC Bank (up 1.3 per cent) are the top gainers. On the other hand, Union Bank of India (down 1 per cent) and IDFC First Bank (down 0.9 per cent) are the top losers.

Nifty Private Bank has advanced 0.7 per cent whereas Nifty PSU Bank has lost 0.6 per cent. Therefore, the private banks are considerably outperforming the public sector banks so far today.

Nifty Bank futures

The May expiry Nifty Bank futures opened today’s session at 54,240 compared to yesterday’s close of 54,228. It rose after opening and is now trading at 54,400, up 0.3 per cent.