INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Private bank stocks were trading mixed during morning trade on Thursday.
The Nifty Private Bank was trading 0.44 per cent up at
15,098 around 10:10 am.
Shares of YES Bank (up 2.65 per cent) rose nearly 3 per cent.
The private lender has received final regulatory
approval from the Sebi to start mutual fund business
This approval is after the Reserve Bank of India's (RBI) approval, it added
HDFC Bank (up 0.68 per cent), IndusInd Bank (up 0.66 per cent), Kotak Mahindra Bank (up 0.42 per cent) and South Indian Bank (up 0.23 per
cent) too were among the gainers in the private bank index
However, IDFC Bank (down 1.02 per cent), Federal Bank (down 0.96 per cent), Axis Bank (down 0.53 per cent) and RBL Bank (down 0.32 per
cent) were incurring losses
ICICI Bank was trading flat around that time
Benchmark NSE Nifty50 index was flat at 10,769, while the BSE Sensex was 18 points down at 35,627.
Among the 50 stocks in the Nifty index,
24 were trading in the green, while 25 were in the red
YES Bank, Ultratech Cement and Mahindra Mahindra were leading the pack of Nifty gainers.
Titan, Tata Motors and Infosys were among the top
losers in the Nifty index.
