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Stock market update: Nifty Private Bank index down; ICICI Bank, YES Bank weigh

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NEW DELHI: Losses in ICICI Bank (down 2.14 per cent), YES Bank (down 1.94 per cent), IDFC Bank (down 0.95 per cent) and IndusInd Bank (down 0.83 per cent) weighed on Nifty Private Bank index in morning session of Friday's trade.

The Nifty Private Bank was trading 0.44 per cent down at 15,863 around 10:35 am. Shares of South Indian Bank (down 0.28 per cent) and HDFC Bank (down 0.05 per cent) too were in the red.

However, RBL Bank (up 2.08 per cent), Federal Bank (up 1.04 per cent), Axis Bank (up 0.86 per cent) and Kotak Mahindra Bank (up 0.35 per cent) were in the green. Weak global cues after US-China trade talks concluded without any major breakthrough and rupee's continuous fall hit sentiment at home.

Benchmark NSE Nifty50 index was down 24 points at 11,558, while the BSE Sensex was 64 points down at 38,273. Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red.

UPL, Power Grid Corporation of India, Grasim Industries, Coal India and Bajaj Finance were among the top gainers, while ICICI Bank, Cipla, Titan Compan, Sun Pharma and Hindalco Industries were among the top losers in the Nifty index.




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Category: Stock Market


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