Share market update: Bank shares slip; Federal Bank down 4%

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

Shares of Federal Bank (down 4.1 per cent), IndusInd Bank (down 3.02 per cent), ICICI Bank (down 2.53 per cent), Kotak Mahindra Bank (down 2.02 per cent), State Bank of India (down 1.82 per cent), Axis Bank (down 1.32 per cent) and HDFC Bank (down 0.57 per cent) were the top losers in the index.

The Nifty Bank index was trading 1.5 per cent down at 18776.85 around 02:11 pm.

Benchmark NSE Nifty50 index was down 65.05 points at 8727.15 , while the BSE Sensex was down 249.82 points at 29817.39.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Shares of Vodafone Idea, Tata Motors, SBI, Ashok Leyland, ICICI Bank, JSPL, Axis Bank, SAIL, IndusInd Bank and Vedanta were among the most traded shares on the NSE.