NEW DELHI: In line with PSU peers, most private bank stocks were trading in the positive territory in Tuesday's trade.The Nifty Private Bank index was trading 1.68 per cent up at 15,424 around 10:30 am, with YES Bank (up 2.47 per cent) and Kotak Mahindra Bank (up 1.94 per cent) as top gainers.HDFC Bank (up 1.88 per cent), ICICI Bank (up 1.68 per cent), IndusInd Bank (up 1.57 per cent), Axis Bank (up 1.47 per cent), RBL Bank (up 0.56 per cent) and South Indian Bank (up 0.19 per cent) were also trading with gains.
Meanwhile, bucking the trend, IDFC Bank (down 1.42 per cent) and Federal Bank (down 0.22 per cent) were incurring losses around the same time.Equity benchmarks were treading higher as trends of Karnataka election results were showing BJP getting clear majority.The NSE Nifty50 index was up 101 points at 10,908, while the Sensex was up 370 points at 35,926.Among the 50 stocks in the Nifty index, 40 were trading in the green, while 10 were in the red.
Bajaj Finance, Power Grid Corporation and YES Bank were the top gainers in the Nifty pack.Tata Motors and Indian Oil Corporation were the top losers in the Nifty index.