Stock market update: Private banks advance; YES Bank climbs 4%
The Nifty Private Bank index was trading 0.48 per cent up at 17,077.25.
Shares of YES Bank (up 3.99 per cent), RBL Bank (up 2.16 per cent), IDFC First Bank (up 0.59 per cent) and HDFC Bank (up 0.41 per cent) gained up to 4 per cent.
IndusInd Bank (up 0.39 per cent), Axis Bank (up 0.38 per cent), ICICI Bank (up 0.29 per cent) and Federal Bank (up 0.18 per cent) too were among the top gainers.
While Kotak Mahindra Bank (down 0.15 per cent) was alone in the red.
The Nifty Private Bank index was trading 0.48 per cent up at 17,077.25 around 09:28 am.
Benchmark NSE Nifty50 index was down 3.00 points at 11,905.15, while BSE Sensex was up 48.55 points at 40,372.16.
Among the 50 stocks in the Nifty index, 24 were trading in the green, while 25 were in the red.
Shares of YES Bank, Vodafone Idea, Ashok Leyland, Bank of Baroda, Indiabulls Housing, Tata Power, Edelweiss Fin, JSPL, Tata Motors and NTPC were among the most traded shares on the NSE.