Market Now: Nifty Bank index in the red; IndusInd Bank slips over 2%
NEW DELHI: Bank stocks IndusInd Bank (down 2.11 per cent), IDFC Bank (down 0.81 per cent), Axis Bank (down 0.37 per cent), HDFC Bank (down 0.32 per cent), State Bank of India (down 0.26 per cent) and Punjab National Bank (down 0.19 per cent) were trading down in afternoon trade on Wednesday, dragging the Nifty Bank index down.
The Nifty Bank index was trading 0.05 per cent down at 25,272 around 01:05 pm (IST).
However, shares of Bank of Baroda (up 1.78 per cent), ICICI Bank (up 1.18 per cent), Canara Bank (up 0.36 per cent), Kotak Mahindra Bank (up 0.34 per cent) and YES Bank (up 0.31 per cent) were trading up around that time.
Benchmark NSE Nifty50 index was 40 points down at 10146, while the BSE Sensex was 112 points down at 32,829.
Among the 51 stocks in the Nifty50 index, 17 were trading in the green, while 33 were in the red.
Shares of Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Tech Mahindra, Ambuja Cements, Eicher Motors and Asian Paints were among the top gainers in the Nifty50 index.
However, Sun Pharma, Hindalco Industries, Oil & Natural Gas Corporation, Vedanta, Bajaj Finance and Indiabulls Housing Finance were among the top losers.
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Via:: Economic Times – Stocks