Share market update: Private Bank shares trade lower; Federal Bank tumbles nearly 5%

image

NEW DELHI: Shares of private sector bank were trading in the red with the Nifty Private Bank index down 0.77 per cent at 15,365.30 in Monday’s afternoon trading session.

Shares of Federal Bank (down 4.72 per cent), IndusInd Bank (down 2.21 per cent), Axis Bank (down 1.28 per cent)and ICICI Bank (down 1.18 per cent) were the top losers in the index.

South Indian Bank (down 0.96 per cent), Kotak Mahindra Bank (down 0.88 per cent)and HDFC Bank (down 0.32 per cent) too were trading with losses.

Benchmark NSE Nifty50 index was down 70.05 points at 10,724.90 while the BSE Sensex was down 200.29 points at 35,809.55 at 2:40 pm.

Among the 50 stocks in the Nifty index, 9 were trading in the green, while 41 were in the red.

Shares of YES Bank, Infosys, Tata Motors, Bank of Baroda, ICICI Bank, Ashok Leyland, SAIL, L&T Fin Holding, SBI and Vedanta were among the most traded shares on the National Stock Exchange.

Source: Economic Times