The Economic Times daily newspaper is available online now.

    Share market update: Private bank stocks incur losses; IndusInd Bank slips over 1%

    Synopsis

    The Nifty Private Bank index was trading 0.44 per cent down at 14,999 around 11:15 am.

    Share market update: Private bank stocks incur losses; IndusInd Bank slips over 1%ThinkStock Photos
    Reliance Industries, Grasim Industries and UPL were among the top losers in the Nifty pack of stocks.
    NEW DELHI: Most private bank stocks including IDFC Bank (down 2.12 per cent), IndusInd Bank (down 1.56 per cent), South Indian Bank (down 0.85 per cent) and YES Bank (down 0.69 per cent) were trading with losses during Friday's trade, keeping the sectoral index down.

    The Nifty Private Bank index was trading 0.44 per cent down at 14,999 around 11:15 am.

    Shares of RBL Bank (down 0.68 per cent), ICICI Bank (down 0.62 per cent) and HDFC Bank (down 0.22 per cent) were also in the red.

    Meanwhile, Federal Bank (up 0.18 per cent) and Axis Bank (up 0.11 per cent) were in the green, while shares of Kotak Mahindra Bank (up 0.03 per cent) were almost flat around that time.

    Equity benchmarks were down owing to losses in bank, auto, metal and IT stocks.

    Weak global cues in the backdrop of a lingering trade war between the US and other economies also dented the sentiment.

    The NSE Nifty50 index was down 16 points at 10,725, while the BSE Sensex was 48 points down at 35,385.

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

    Bharti Infratel, Mahindra & Mahindra and ITC were among the top gainers in the Nifty index.

    On the contrary, Reliance Industries, Grasim Industries and UPL were among the top losers in the Nifty pack of stocks.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in