Stock market update: Nifty Private Bank index in the red; ICICI Bank among top drag

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Private bank stocks IDFC Bank (down 1.31 per cent), ICICI Bank (down 1.19 per cent) and South Indian Bank (down 0.60 per cent)
were trading in the negative territory during Tuesday's trade, keeping the sectoral index down. Shares of YES Bank (down 0.45 per cent),
Kotak Mahindra Bank (down 0.43 per cent) and IndusInd Bank (down 0.09 per cent) were also in the red. The Nifty Private Bank index was
trading 0.36 per cent down at 15,064 around 10:55 am
Meanwhile, shares of Federal Bank (up 0.46 per cent), RBL Bank (up 0.40 per cent) and Axis Bank (up 0.16 per cent) were trading up around
the same time
Market was cautious due to profit-taking amid weak Asian cues as uncertainty over the US-North Korea summit and a political crisis in Italy
dealt a blow to sentiment. However, a fresh buying in pharma, metal, FMCG, IT and auto counters lifted market a little up. Benchmark NSE
Nifty50 index was up 10 points at 10,699, while the BSE Sensex was up 24 points at 35,190. Among the 50 stocks in the Nifty index, 33 were
trading in the green, while 17 were in the red
Antarctica, Bharati Defence and Infrastructure, Hanung Toys and Textiles, Bharti Infratel and Manpasand Beverage hit 52-week lows on NSE
during Tuesday's trade.