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Market Now: Kotak, YES, Axis Bank a drag on Nifty Private Bank index


NEW DELHI: Losses in shares of Kotak Mahindra Bank (down 0.90 per cent), YES Bank (down 0.89 per cent) and Axis Bank (down 0.71 per cent) were weighing on Nifty Private Bank index during the early trade on Friday.

The Nifty Private Bank index was trading 0.09 per cent down at 14,641 around 10:50 am (IST).

Shares of South Indian Bank (down 0.38 per cent) too were down.

However, Federal Bank (up 2.41 per cent), IndusInd Bank (up 0.84 per cent), RBL Bank (up 0.80 per cent), ICICI Bank (up 0.25 per cent), IDFC Bank (up 0.21 per cent) and HDFC Bank (up 0.08 per cent) were in the green around that time.

Benchmark NSE Nifty50 index was down 47 points at 10,633 on selling in frontline bluechip counters amid weak global cues.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

BSE Sensex was 145 points down at 34,958.

Shares of Power Grid, L&T Fin Holding, Vedanta, Idea Cellular, Bharti Airtel and Ashok Leyland were among the most traded stocks on NSE.

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