Stock market update: Private banks edge higher; Federal Bank climbs 2%

banking

NEW DELHI: Shares of private banks were trading with gains in Tueday’s morning session.

Shares of Federal BankNSE 0.91 % (up 2.29 per cent), RBL Bank (up 1.57 per cent), IDFC Bank (up 0.81 per cent), YES Bank (up 0.65 per cent), ICICI Bank (up 0.62 per cent), IndusInd Bank (up 0.42 per cent) and Axis Bank (up 0.28 per cent) were the gainers in the index.

While HDFC Bank (down 0.61 per cent), Kotak Mahindra Bank (down 0.26 per cent) and City Union Bank (down 0.06 per cent) were the top losers in the index.

The Nifty Private Bank index was trading 0.14 per cent up at 17,185.55 around 09:45 am.

Benchmark NSE Nifty50 index was down 4.85 points at 12,219.7, while the BSE Sensex was 29.12 points at 41,499.79.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Shares of Vodafone Idea, YES Bank, Federal Bank, Bharti Infratel, SBI, IDFC First Bank, NBCC, Indian Oil Corp, Bharti Airtel and Zee Entertainment were among the most traded shares on the NSE.

[“source=economictimes”]