NEW DELHI: In line with PSU bank stocks, majority of private bank stocks were trading with gains during the early trade on Monday.

The Nifty Private Bank index was trading 0.41 per cent up at 14,074 around 10:05 am (IST).

Shares of IndusInd Bank (up 1.53 per cent), Kotak Mahindra Bank (up 1.39 per cent), IDFC Bank (up 1.30 per cent), YES Bank (up 1.18 per cent) and RBL Bank (up 1.17 per cent) were the top gainers in the private bank index.

Shares of South Indian Bank (up 0.99 per cent), HDFC Bank (up 0.75 per cent), Axis Bank (up 0.62 per cent) and Federal Bank (up 0.21 per cent) were also in the green.

However, one of the index heavyweights ICICI Bank was trading as the lone loser in the private bank index, declining almost 2 per cent.

As per media reports, the board of ICICI Bank is likely to discuss the way ahead for chief executive officer Chanda Kochhar, following new information from investigating agencies about business dealings between her husband Deepak Kochhar and Videocon Group.

The benchmark BSE Sensex advanced over 100 points in early trade today on sustained buying by domestic institutional investors amid firm Asian cues.

A firm trend at other Asian markets on easing concerns about a sharp rise in US interest rates and buying by investors ahead of earnings season, scheduled to begin this week, helped lift market sentiment.

The NSE Nifty50 index was up 49 points at 10,381, while the BSE Sensex was up 156 points at 33,783.

Among the 50 stocks in the Nifty index, 41 were trading in the green, while 9 were in the red.

ICICI Bank, Infosys and GAIL were the top losers in the Nifty index.

Hindalco and Titan, on the other hand, were leading the pack of gainers in the Nifty pack.