Share market update: Bank shares fall; ICICI Bank dips over 1%

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

Shares of IDFC First Bank (down 2.43 per cent), ICICI Bank (down 1.24 per cent), IndusInd Bank (down 1.12 per cent) and Axis Bank (down 1.11 per cent) were the worst performers in the index.

Federal Bank (down 0.90 per cent), RBL Bank (down 0.86 per cent), Kotak Mahindra Bank (down 0.83 per cent) too were trading in the red.

The Nifty Bank index was trading 0.51 per cent down at 28,979.10 around 10:15 am.

Benchmark NSE Nifty50 index was down 73.65 points at 11,257.40 while the BSE Sensex was down 183.20 points at 37,799.54.

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

Shares of YES Bank, Vodafone Idea, M&M Financial, Ashok Leyland, Dish TV India, Indian Oil Corp, PNB, SAIL, ZEEL and IDBI Bank were among the most traded shares on the NSE.