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NEW DELHI: Most private bank stocks including South Indian Bank (down 1.95 per cent), IDFC Bank (down 1.34 per cent), Federal Bank (down 1.09 per cent) and Kotak Mahindra Bank (down 1.01 per cent) were suffering losses during Monday's trade.The Nifty Private Bank index was trading 0.18 per cent down at 14,838 around 10:30 am.
Shares of RBL Bank (down 0.98 per cent), Axis Bank (down 0.81 per cent) and HDFC Bank (down 0.61 per cent) were also under pressure.However, shares of ICICI Bank (up 1.80 per cent) were witnessing decent traction.YES Bank (up 0.19 per cent) and IndusInd Bank (up 0.07 per cent) were trading with nominal gains.Equity markets were trading in the red even as Asian peers were in the green amid easing trade war worries between the US and China.A surge in oil prices and falling rupee dealt a blow to market sentiment.Most sectors were in the red, barring IT and PSU bank on NSE.
Benchmark NSE Nifty50 index was down 29 points at 10,567, while the BSE Sensex was 57 points down at 34,791.Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.
Tata Consultancy Services, Bharti Airtel and ICICI Bank were among top Nifty gainers, while Hindalco Industries, Sun Pharma and Bajaj Finance were among top Nifty losers.
