Share market update: Nifty Private Bank index dips; ICICI Bank down 2%

NEW DELHI: Shares of Private banks were trading in the red in Monday's afternoon session.

Shares of Kotak Mahindra Bank (down 2.13 per cent) , ICICI Bank (down 2.07 per cent) , IDFC First Bank (down 1.99 per cent) and Federal Bank (down 1.77 per cent) were the worst performers in the index.

YES Bank (down 1.72 per cent) , Axis Bank (down 1.65 per cent) , South Indian Bank (down 1.57 per cent) and RBL Bank (down 0.71 per cent) too were trading with losses.

The Nifty Private Bank index was trading 1.47 per cent down at 16,630.75 around 02:02 pm.

Benchmark NSE Nifty50 index was down 124.90 points at 11,332 while the BSE Sensex was down 434.66 points at 37,729.95.

Among the 50 stocks in the Nifty index, 11 were trading in the green, while 39 were in the red.

Shares of BHEL, YES Bank, SAIL, Indian Oil Corp, NTPC, SBI, ONGC, Bank of Baroda, Tata Motors, Ashok Leyland and ICICI Bank were among the most traded shares on the National Stock Exchange.