INSUBCONTINENT EXCLUSIVE:
NEW DELHI: In line with their PSU peers, most private bank stocks too were trading in the positive territory during Thursday's trade.
The
Nifty Private Bank index was trading 1 per cent up at 15,394 around 10:55 am
South Indian Bank (up 3.15 per cent) was the top gainer in the private bank index, followed by YES Bank (up 2.25 per cent) and Axis Bank
(up 1.30 per cent).
IndusInd Bank (up 1.19 per cent), HDFC Bank (up 1.06 per cent) and ICICI Bank (up 1.02 per cent) climbed over 1 per
cent.
IDFC Bank (up 0.63 per cent), RBL Bank (up 0.54 per cent), Federal Bank (up 0.49 per cent) and Kotak Mahindra Bank (up 0.11 per cent)
were trading with mild gains.
Equity markets were up amid positive Asian cues, while a fresh fall in global crude oil prices and an
improvement in Indian rupee against the US dollar also influenced the sentiment.
The rupee strengthened against the US dollar ahead of the
release of industrial growth (IIP) data for May and retail inflation (CPI) data for June.
Benchmark NSE Nifty50 index was up 86 points at
11,034, while the BSE Sensex was up 269 points at 36,535.
Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13
HPCL, BPCL, Indian Oil Corporation, Dr
Reddy's Laboratories and Bajaj Finserv were among the top gainers in the Nifty index.
On the other hand, Bharti Infratel, Infosys, Mahindra
Mahindra, ITC and Tata Consultancy Services were among the top losers in the Nifty pack of stocks.
