INSUBCONTINENT EXCLUSIVE:
NEW DELHI: A majority of private bank stocks including IndusInd Bank (down 1.61 per cent), IDFC Bank (down 1.45 per cent) and RBL Bank (down
0.52 per cent) were trading in the lower terrain during Wednesday's trade.Shares of HDFC Bank (down 0.42 per cent), South Indian Bank
(down 0.40 per cent), Kotak Mahindra Bank (down 0.39 per cent) and YES Bank (down 0.28 per cent) were also in the red
The Nifty Private Bank index was trading 0.26 per cent down at 14,668 around 10:45 am
Meanwhile, shares of Federal Bank (up 0.73 per cent), ICICI Bank (up 0.55 per cent) and Axis Bank (up 0.15 per cent) were in the green
Sensex and Nifty were in the negative territory on selling in oil, metals, private bank, financial and auto stocks amid sustained capital
outflows by foreign funds
Market sentiment remained weak in the absence of any positive trigger amid sustained capital outflows.Global cues were also weak after the
US President Donald Trump said he was not satisfied with bilateral trade talks with China that occurred last week.Benchmark NSE Nifty50
index was down 31 points at 10,506, while the BSE Sensex was 42 points down at 34,609
Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red
State Bank of India, Cipla and Tata Motors were among the top gainers, while HPCL, BPCL and Tata Steel were among top losers in the Nifty
