Market Now: Private bank stocks mixed, but ICICI, HDFC Bank keep the sectoral index down


NEW DELHI: Private bank stocks were trading mixed during the early trade on Friday.

However, losses in ICICI Bank (down 1.72 per cent), IDFC Bank (down 0.83 per cent), HDFC Bank (down 0.81 per cent) and Axis Bank (down 0.53 per cent) were keeping the sectoral index down.

The Nifty Private Bank index was trading 0.56 per cent down at 14,878 around 10:30 am.

Shares of RBL Bank (down 0.50 per cent) and South Indian Bank (down 0.19 per cent) were also seen under pressure.

However, shares of YES Bank (up 0.70 per cent), Federal Bank (up 0.54 per cent), IndusInd Bank (up 0.11 per cent) and Kotak Mahindra Bank (up 0.07 per cent) were in the green around that time.

Benchmark NSE Nifty50 index was down 34 points at 10,649, while the BSE Sensex was 135 points down at 35,014.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 31 were in the red. Two stocks were unchanged.

Bharti Airtel, Wipro and UltraTech Cement were the top Nifty losers.

Tech Mahindra, Bajaj Auto and Bajaj Finance climbed up to 2 per cent in the Nifty index.

Source: Economic Times