NEW DELHI: Private bank stocks Federal Bank (down 1.20 per cent), Axis Bank (down 0.86 per cent) and YES Bank (down 0.57 per cent) were trading in the negative terrain during Thursday's trade.Shares of South Indian Bank (down 0.38 per cent), RBL Bank (down 0.25 per cent) and IndusInd Bank (down 0.24 per cent) were also in the red.
On the other hand, shares of ICICI Bank (up 0.69 per cent), IDFC Bank (up 0.60 per cent) and Kotak Mahindra Bank (up 0.41 per cent) were up around that time.The Nifty Private Bank was trading 0.03 per cent up at 15,052 around 10:35 am.
Equity benchmarks were in the negative territory on selling in metal, oil, IT and pharma stocks as mixed Asian cues and uninspiring earnings failed to lift market sentiment.The NSE Nifty50 index was down 16 points at 10,725, while the BSE Sensex was 53 points down at 35,334.
Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red.Coal India, Hindustan Unilever and Bharti Infratel were among top Nifty gainers.On the contrary, Hindalco, BPCL and Cipla were the top losers in the Nifty index.