AM(IST)on Wednesday in an upbeat market. Bandhan Bank Ltd.(up 3.05 per cent), HDFC Bank Ltd.(up 1.66 per cent), Punjab National Bank(up 1.47 per cent), Kotak Mahindra Bank Ltd.(up 0.62 per cent) and Bank of Baroda(up 0.

The severe carnage wiped out about Rs 9 lakh crore from investors wealth and market participants believe that the sentiments have turned sluggish for Indian equities.

HDFC Bank, ICICI Bank, and Axis Bank lead the charge as traders turn bullish on Bank Nifty, eyeing a sustained rally.

Tuesdays trading session left investors rattled as the Nifty 50 extended its downward spiral, closing at 24,445, a fall from its record high of 26,277 just a month ago. The benchmark index has now corrected nearly 7%,

Indian equities in a highly volatile session ended Monday's session (October 21). Nifty closed the session at 24,781.1, down 0.29 per cent or 72.95 points, while Sensex ended lower by 0.09 per cent or 73.48 points at 81,151.27. Broader markets, however, tumbled sharply with Nifty Midcap 100 ending 1.7 per cent lower.

AM(IST)on Monday in a weak market. HDFC Bank Ltd.(up 3.69 per cent), Axis Bank Ltd.(up 0.18 per cent), Federal Bank Ltd.(up 0.11 per cent) and IDFC First Bank Ltd.(up 0.05 per cent) were among the top gainers.

Despite Friday's recovery, Nifty options continues to reflect cautious sentiment, with call writing outweighing put writing on Friday, said Dhupesh Dhameja of SAMCO Securities.

The Nifty Bank index closed on a positive note on Friday. Shares of Axis Bank Ltd.(up 5.75 per cent), ICICI Bank Ltd.(up 2.71 per cent), Bank of Baroda(up 2.49 per cent), State Bank of India(up 1.16 per cent) and Bandhan Bank Ltd.