INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty Private Bank index was trading 1.04 per cent down at 15,028 around 10:45 am on Wednesday, with all components in the
red.
Federal Bank (down 5.38 per cent) was the top losers in the private bank pack, followed by ICICI Bank (down 3.47 per cent) and South
Indian Bank (down 2.29 per cent).
Shares of IDFC Bank (down 0.98 per cent), Axis Bank (down 0.55 per cent), RBL Bank (down 0.40 per cent),
IndusInd Bank (down 0.38 per cent), Kotak Mahindra Bank (down 0.30 per cent), HDFC Bank (down 0.19 per cent) and YES Bank (down 0.10 per
cent) were also under pressure.
A surge in US bond yields, a hung House in Karnataka polls and weakness in rupee dragged the domestic shares
into negative territory on Wednesday.
The NSE Nifty50 index was down 83 points at 10,718, while the BSE Sensex was 240 points down at
35,304.
Among the 50 stocks in the Nifty index, 8 were trading in the green, while 41 were in the red
Barring realty and IT, all sectors were in the red on NSE
Nifty PSU Bank index cracked over 3 per cent, dragged by heavy losses in Punjab National Bank, Syndicate Bank and Allahabd Bank
Lupin, Wipro and Titan were the top gainers in the Nifty index.
On the other hand, Cipla, ICICI Bank and HPCL were the top Nifty losers.
