INSUBCONTINENT EXCLUSIVE:
NEW DELHI: In line with public-sector bank stocks, most private bank stocks too were suffering losses during early trade on
Thursday.
However, gains in HDFC Bank (up 1.99 per cent), IndusInd Bank (up 0.38 per cent) and Kotak Mahindra Bank (up 0.13 per cent) were
keeping the sectoral index marginally up.
The Nifty Private Bank index was trading 0.10 per cent up at 14,945 around 10:35
RBL Bank (down 1.42 per cent), ICICI Bank (down 1.40 per cent), Federal Bank (down 1.22 per cent) and IDFC Bank (down 1.12 per cent) were
the top losers in the index.
Shares of Axis Bank (down 0.94 per cent), YES Bank (down 0.47 per cent) and South Indian Bank (down 0.21 per
cent) also were in the red around that time.
Equity benchmarks pared gains owing to losses in heavyweights such as ICICI Bank, Tata
Consultancy Services, State Bank of India and Sun Pharma.
The NSE Nifty50 index was up 20 points at 10,634, with BSE Sensex was up 59 points
at 34,965.
Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red
ONGC, GAIL, Coal India, Cipla and Tech Mahindra were leading among Nifty gainers.
