INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most private bank stocks were trading with gains during Tuesday's trade, keeping the sectoral index up.
The Nifty Private Bank
index was trading 0.46 per cent up at 15,063 around 10:40 am.
Shares of IDFC Bank (up 1.07 per cent), IndusInd Bank (up 0.90 per cent) and
ICICI Bank (up 0.73 per cent) were the top gainers in the private bank index.
With reference to the news item titled, "ICICI Bank, Kochhar
under SEC lens," the bank clarified to the bourses after market hours yesterday, 11 June 2018, that as a large and internationally active
bank with operations and listing of its equity and debt instruments in multiple jurisdictions, the bank is regularly engaged with
regulators, including the US SEC, on a range of matters
However, the bank has so far not received any specific communication from the US SEC in relation to the allegation in respect of the
managing director CEO of the bank.
Shares of Axis Bank (up 0.39 per cent), HDFC Bank (up 0.36 per cent), Kotak Mahindra Bank (up 0.30 per
cent), YES Bank (up 0.24 per cent) and RBL Bank (up 0.19 per cent) were also in the green.
Federal Bank (down 0.68 per cent) and South
Indian Bank (down 0.40 per cent) were the two stocks in the index that were in the red around that time.
Equity markets were in the green as
investors looked forward to release of key macroeconomic data due today amid a firming trend in Asia.
Benchmark NSE Nifty50 index was up 46
points at 10,833, while the BSE Sensex was up 164 points at 35,647.
Among the 50 stocks in the Nifty index, 38 were trading in the green,
Reddy's Laboratories and Sun Pharma were leading among Nifty gainers.
