Market Now: Private bank stocks mixed; Axis Bank down 1%
ETMarkets.com|
Updated: Feb 22, 2018, 10.04 AM IST
NEW DELHI: Private bank stocks were trading mixed in morning trade on Thursday.
Shares of IndusInd Bank (up 0.64 per cent), YES Bank (up 0.26 per cent), Kotak Mahindra Bank (up 0.24 per cent) and Federal Bank (up 0.11 per cent) were trading with gains in the Nifty Private Bank index.
On the other hand, Axis Bank (down 0.96 per cent), IDFC Bank (down 0.86 per cent), HDFC Bank (down 0.59 per cent), South Indian Bank (down 0.56 per cent), ICICI Bank (down 0.23 per cent) and Karnataka Bank (down 0.04 per cent) were in the red in the index.
The Nifty Private Bank index was trading 0.17 per cent down at 14,016 around 09:55 am (IST).
Benchmark indices opened on a weak note on Thursday, tracking a drop in the US stocks in overnight trade. Bond yields climbed in US on Wednesday after the release of minutes of the recent Fed policy meet that hinted at a faster than expected rise in interest rates.
Investors were also cautious ahead of the expiry of February series futures and options contracts later in the day.
The NSE Nifty50 index was 40 points down at 10,357, while the BSE Sensex was 110 points down at 33,735.
Among the 50 stocks in the Nifty50 index, 13 were trading in the green, while 37 were in the red.
Shares of IndusInd Bank (up 0.64 per cent), YES Bank (up 0.26 per cent), Kotak Mahindra Bank (up 0.24 per cent) and Federal Bank (up 0.11 per cent) were trading with gains in the Nifty Private Bank index.
On the other hand, Axis Bank (down 0.96 per cent), IDFC Bank (down 0.86 per cent), HDFC Bank (down 0.59 per cent), South Indian Bank (down 0.56 per cent), ICICI Bank (down 0.23 per cent) and Karnataka Bank (down 0.04 per cent) were in the red in the index.
The Nifty Private Bank index was trading 0.17 per cent down at 14,016 around 09:55 am (IST).
Benchmark indices opened on a weak note on Thursday, tracking a drop in the US stocks in overnight trade. Bond yields climbed in US on Wednesday after the release of minutes of the recent Fed policy meet that hinted at a faster than expected rise in interest rates.
Investors were also cautious ahead of the expiry of February series futures and options contracts later in the day.
The NSE Nifty50 index was 40 points down at 10,357, while the BSE Sensex was 110 points down at 33,735.
Among the 50 stocks in the Nifty50 index, 13 were trading in the green, while 37 were in the red.
