Share market update: Bank stocks finish mixed; ICICI Bank, SBI weigh on sectoral index

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Bank stocks ended Thursday's session on a mixed note. The Nifty Bank index settled 0.30 per cent down at 26,562, with 7 stocks
advancing and 5 stocks declining
Punjab National Bank (up 1.04 per cent), IDFC Bank (up 1.03 per cent), YES Bank (up 0.99 per cent), IndusInd Bank (up 0.65 per cent), HDFC
Bank (up 0.17 per cent, Kotak Mahindra Bank (up 0.15 per cent) and RBL Bank (up 0.11 per cent) closed the day with gains. On the contrary,
ICICI Bank (down 1.84 per cent), State Bank of India (down 1.69 per cent), Axis Bank (down 1.66 per cent), Bank of Baroda (down 1.06 per
cent) and Federal Bank (down 0.98 per cent) ended the day with losses. Sustained selling in a majority of sectors, led by IT, bank and
consumer durables, in the light of weak global cues weighed on market sentiment as benchmarks Nifty and Sensex snapped their 3-day winning
streak on Thursday. Sensex closed down by 139 points or 0.39 per cent to 35,600 on Thursday
However, Nifty managed to hold the psychologically important level of 10,800
The 50-share index settled 49 points, or 0.45 per cent, down at 10,808. In the Nifty pack, 20 stocks settled in the green and 30 in the red
The Sensex index saw 14 stocks advancing and 17 declining at the end of today's session. Tech Mahindra, Tata Consultancy Services, Adani
Ports, Indiabulls Housing Finance and Indian Oil Corporation stood as the top losers in the Nifty index.