Stock Market

Stock market update: YES, ICICI, Kotak Bank boost Nifty Private Bank index

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NEW DELHI: Gains in YES Bank (up 3.08 per cent), IDFC Bank (up 2.98 per cent), ICICI Bank (up 1.72 per cent) and Kotak Mahindra Bank (up 1.61 per cent) boosted Nifty Private Bank index in Friday's session. The Nifty Private Bank index was trading 1.07 per cent up at 16,035 around 1 pm.

Shares of South Indian Bank (up 1.11 per cent), RBL Bank (up 0.39 per cent), IndusInd Bank (up 0.34 per cent), Axis Bank (up 0.28 per cent) and HDFC Bank (up 0.22 per cent) too were in the green. However, Federal Bank bucked the trend, plunging over 3 per cent.

Equity market was in the green amid positive global cues after US and China agreed to hold talks later this month on trade-related disputes. Benchmark NSE Nifty50 index was up 83 points at 11,468, while the BSE Sensex was up 290 points at 37,954. Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red.

Grasim Industries, Vedanta, Lupin, YES Bank and Tata Steel were among the top gainers, while GAIL (India), Bharti Airtel, ONGC, Power Grid Corporation of India and Bajaj Finance were among the top losers in the Nifty index.




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