NEW DELHI: Shares of IDFC Bank (down 2.21 per cent), ICICI Bank (down 1.25 per cent), Punjab National Bank (down 1.20 per cent), IndusInd Bank (down 0.91 per cent), Kotak Mahindra Bank (down 0.67 per cent) and Axis Bank (down 0.53 per cent) were trading in the red in Monday's morning trade, dragging the Nifty Bank index down.

The Nifty Bank index was trading 0.32 per cent down at 25,569 around 10:20 am (IST).

However, shares of Federal Bank (up 1.90 per cent), Bank of Baroda (up 1.80 per cent), YES Bank (up 0.25 per cent), State Bank of India (up 0.20 per cent), Canara Bank (up 0.16 per cent) and HDFC Bank (up 0.07 per cent) were trading up around that time.

Domestic equity markets were trading in the negative zone due to profit-booking in metal, oil & gas, banking, teck and PSU stocks.

Moreover, capital outflows by foreign funds and a mixed trend at other Asian markets as well as caution ahead of earnings from some more bluechip companies this week influenced the sentiment.

The NSE Nifty50 index was trading 19 points down at 10,433, while the BSE Sensex was 41 points down at 33,644 around 10.20 am (IST).

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Among the 51 stocks in the Nifty50 index, 23 were trading in the green, while 27 were in the red.

Shares of Bharti Infratel, Mahindra & Mahindra, Aurobindo Pharma, Oil & Natural Gas Corporation, Tata Motors and Adani Ports were among the top gainers in the Nifty50 index.

However, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Hindalco Industries, Bharti Airtel, Zee Entertainment and ICICI Bank were among the top losers.