Bank Nifty trades lower as heavyweights ICICI Bank and SBI drag; AU Small, IDFC First top gainers

Bank Nifty witnessed a volatile session on Friday ahead of HDFC Bank's March 2021 quarterly result. Investors focus has shifted to corporate earnings. However, Bank Nifty underperformed benchmark Nifty 50 despite broader markets are bullish. Heavyweights SBI and ICICI Bank drag the index.

At around 2.53 pm, Bank Nifty was performing at 32,052.45 down by 60.40 points or 0.19%. The index has touched an intraday high and low of 32,325.15 and 31,911.90 respectively.

ICICI Bank and SBI were top underperformers on Bank Nifty tumbling by nearly 1% each. Bandhan Bank and RBL Bank slipped by 0.6% and 0.7% respectively.

Kotak Bank was marginally lower.

On the contrary, AU Small Finance Bank and IDFC First Bank were the top gainers soaring nearly 3% each. Federal Bank advanced over 1.5%.

IndusInd Bank and PNB were marginally up. However, HDFC Bank traded flat.

HDFC Bank is set to announce its March 2021 quarterly result on April 17, 2021 (tomorrow).