NEW DELHI: In line with PSU peers, most private bank stocks were also trading with gains during Monday's trade.The Nifty Private Bank index was trading 0.89 per cent up at 15,090 around 11:15 am.
Shares of IDFC Bank (up 3.18 per cent), South Indian Bank (up 2.25 per cent) and Federal Bank (up 1.95 per cent) were the top gainers in the private bank index.Shares of RBL Bank (up 1.59 per cent), ICICI Bank (up 1.54 per cent), Axis Bank (up 1.24 per cent), HDFC Bank (up 0.94 per cent), YES Bank (up 0.90 per cent) and Kotak Mahindra Bank (up 0.32 per cent) were also in the green.IndusInd Bank (down 0.38 per cent) was the only stock that was down around that time.Market was in the positive territory on easing geopolitical concerns and a sharp correction in global crude prices.An appreciating rupee, better earnings by few companies and easing concerns over US-North Korea summit gave a fillip to investor sentiment.Barring IT, all sectors were in the green on NSE, with pharma, auto and realty leading.
Benchmark NSE Nifty50 index was up 66 points at 10,671, while the BSE Sensex was up 185 points at 35,109.Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.