NEW DELHI: Bank stocks, including Canara Bank (down 0.83 per cent), State Bank of India (down 0.75 per cent), YES Bank (down 0.68 per cent) and ICICI Bank (down 0.55 per cent) were trading in the negative zone in morning trade on Wednesday, dragging the Nifty Bank index down.

The Nifty Bank index was trading 0.27 per cent down at 25,058 around 09:50 am (IST).

Shares of Axis Bank (down 0.54 per cent), Punjab National Bank (down 0.52 per cent), IDFC Bank (down 0.19 per cent), HDFC Bank (down 0.08 per cent) and Bank of Baroda (down 0.06 per cent) were also seen in the red.

However, shares of Federal Bank (up 0.56 per cent), IndusInd Bank (up 0.26 per cent) and Kotak Mahindra Bank (up 0.10 per cent) were trading in the green around that time.

Benchmark NSE Nifty50 index was 7 points down at 10,233, while the BSE Sensex was 26 points down at 33,202.

Among the 50 stocks in the Nifty50 index, 24 were trading in the green, while 25 were in the red.

Shares of GAIL, Oil & Natural Gas Corporation, Hindustan Petroleum Corporation, Indian Oil Corporation, Bharat Petroleum Corporation and Mahindra & Mahindra were among the top gainers in the Nifty50 index.

However, Vedanta, HCL Tech, Adani Ports SEZ, UPL, ITC and Power Grid Corporation were under selling pressure.