Stock market update: Private bank shares advance; Kotak Bank climbs 4%

NEW DELHI: Shares of private banks were in the green in Friday's trade.

Shares of Kotak Mahindra Bank (up 3.92 per cent) , IndusInd Bank (up 2.56 per cent) , Yes Bank (up 1.02 per cent) , RBLBANK (up 0.84 per cent) , HDFC Bank (up 0.44 per cent) , Axis Bank (up 0.2 per cent) , Federal Bank (up 0.16 per cent) and IDFCBANK (up 0.12 per cent) were among the top gainers.

The Nifty Private Bank index was trading 0.83 per cent up at 17010.2 around 10:55 am.


Benchmark NSE Nifty50 index was down 17.15 points at 12,018.65 , while the BSE Sensex was down 24.7 points at 40,889.12.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of YES Bank, BEL, NTPC, Motherson Sumi, Indian Oil Corp, SBI, Coal India Ltd, IDFC First Bank Ltd., Bank of Baroda and RIL were among the most traded shares on the NSE.