Share market update: Private Bank shares rise; Kotak Mahindra Bank gains over 1%

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

Shares of Kotak Mahindra Bank (up 1.27 per cent), Federal Bank (up 1.19 per cent), IndusInd Bank (up 0.81 per cent) and HDFC Bank (up 0.71 per cent) were the top performers in the index.

ICICI Bank (up 0.33 per cent), RBL Bank (up 0.28 per cent) and IDFC First Bank (up 0.18 per cent) too were trading higher.

The Nifty Private Bank index was trading 0.52 per cent up at 17,121.50 around 12:50 pm.

Benchmark NSE Nifty50 index was up 37.20 points at 11,680.65 while the BSE Sensex was up 114.18 points at 38,881.29.

Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.

Shares of Tata Motors, Vodafone Idea, Infosys, Ashok Leyland, SAIL, ITC, Coal India, YES Bank, DLF and Indian Oil Corp were among the most traded shares on the NSE.