Share market update: Bank shares fall; PNB dips 2%

NEW DELHI: Bank shares were trading in the negative zone in Wednesday's afternoon session.

Shares of Punjab National Bank (down 1.99 per cent) , Bank of Baroda (down 1.30 per cent) , RBL Bank (down 0.96 per cent) and Federal Bank (down 0.89 per cent) were the top losers in the index.

ICICI Bank (down 0.84 per cent), IDFC First Bank (down 0.60 per cent), Kotak Mahindra Bank (down 0.53 per cent) and YES Bank (down 0.49 per cent) too were trading lower.

The Nifty Bank index was trading 0.57 per cent up at 28,605.70 around 12:11 pm.

Benchmark NSE Nifty50 index was up 11.85 points at 11,313.05 while the BSE Sensex was up 96.64 points at 37,632.30.

Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of SAIL, ONGC, HDFC Life Insurance Company, NTPC, DLF, Coal India, HDFC Bank, Ashok Leyland, Indian Oil Corp, BEL and YES Bank were among the most traded shares on the NSE.