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.