Stock Market

Share market update: Bank shares down; Federal Bank dips 3%

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NEW DELHI: Bank shares were trading in the negative zone in Tuesday's morning session. Shares of Federal Bank (down 2.90 per cent), HDFC Bank (down 2.10 per cent), IDFC First Bank (down 1.92 per cent) and ICICI Bank (down 1.21 per cent) were trading with losses.

Kotak Mahindra Bank (down 0.99 per cent), IndusInd Bank (down 0.95 per cent), RBL Bank (down 0.69 per cent) and State Bank of India (down 0.63 per cent) too were trading lower.

The Nifty Bank index was trading 1.21 per cent down at 28,087.30 around 09:55 am.

Benchmark NSE Nifty50 index was down 54.30 points at 11,055.35 while the BSE Sensex was down 215.54 points at 37,366.37.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

Shares of Vodafone Idea, YES Bank, RIL, Indiabulls Housing Finance, Dish TV India, BHEL, NTPC, SAIL, Tata Motors and JSPL were among the most traded shares on the NSE.




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Category: Stock Market


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