INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Private bank stocks were trading mixed during morning trade on Friday.
Shares of South Indian Bank (up 3.50 per cent), RBL Bank
(up 1.82 per cent), Federal Bank (up 1.53 per cent), Kotak Mahindra Bank (up 0.98 per cent), YES Bank (up 0.44 per cent) and ICICI Bank (up
0.18 per cent) were trading with gains.
On the contrary, IDFC Bank (down 0.89 per cent), IndusInd Bank (down 0.84 per cent), Axis Bank (down
0.83 per cent) and HDFC Bank (down 0.36 per cent) were incurring losses
The Nifty Private Bank index was trading 0.09 per cent up at 14,925 around 10:30 am
Equity benchmarks were trading up on fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in
the rupee.
The NSE Nifty50 index was up 61 points at 10,650, while the BSE Sensex was up 189 points at 35,227
Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red
Bang Overseas, Britannia Industries, Godrej Consumer Products, Infosys and Talwalkars Lifestyles hit 52-week highs on NSE.
Hindalco
Industries, GAIL (India), Titan Company and State Bank of India were among the top gainers in the Nifty index.
However, Tech Mahindra, Dr
Reddy's Laboratories, Asian Paints and IndusInd Bank were among the top losers in the Nifty pack of stocks.
