INSUBCONTINENT EXCLUSIVE:
NEW DELHI: In line with their PSU peers, most private bank stocks too were trading in the positive territory during morning trade on
Monday.
The Nifty Private Bank index was trading 0.58 per cent up at 15,145 around 10:35 am
Shares of Axis Bank (up 2.30 per cent), Federal Bank (up 2.27 per cent), YES Bank (up 1.64 per cent), South Indian Bank (up 1.15 per cent)
and ICICI Bank (up 1.11 per cent) were the top gainers in the private bank index.
RBL Bank (up 0.86 per cent), IDFC Bank (up 0.64 per cent)
and IndusInd Bank (up 0.21 per cent) too were in the green.
However, shares of Kotak Mahindra Bank and HDFC Bank were almost flat around
that time.
Equity markets were in the green amid positive global cues.
Buying was observed across sectors, led by pharma, bank and auto.
All
sectors on the NSE were in the positive terrain.
Benchmark NSE Nifty50 index was up 41 points at 10,814, while the BSE Sensex was up 138
points at 35,796.
Among the 50 stocks in the Nifty index, 38 were trading in the green, while 12 were in the red
Reddy's Laboratories, Axis Bank and HPCL were leading the pack of Nifty gainers.
