NEW DELHI: Private bank stocks YES Bank (up 1.12 per cent), Axis Bank (up 0.55 per cent) and Federal Bank (up 0.43 per cent) were trading with small gains in Wednesday's trade.The Nifty Private Bank index was trading marginally up by 0.15 per cent up at 14,998 around 10:50 am (IST).
Shares of IDFC Bank (up 0.33 per cent), IndusInd Bank (up 0.32 per cent) and HDFC Bank (up 0.30 per cent) were also in the green.
However, RBL Bank (down 0.61 per cent), South Indian Bank (down 0.37 per cent), ICICI Bank (down 0.34 per cent) and Kotak Mahindra Bank (down 0.08 per cent) were in the red around the same time.Equity benchmarks were flat on weak global cues after President Donald Trump pulled the US out of the landmark Iran nuclear deal, fanning fears of an escalation in geopolitical tensions.Oil, bank, auto and FMCG stocks were under pressure.
However, metal and IT stock were seeing some buying interest.The NSE Nifty50 index was up 6 points at 10,724, while the BSE Sensex was up 34 points at 35,250.Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.