Stock market update: Private bank stocks mixed; ICICI Bank falls nearly 2%
The Nifty Private Bank index was trading 0.14 per cent down at 14,959 around 10:35 am.
By ETMarkets.com | Updated:
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NEW DELHI: Private bank stocks were trading mixed during morning trade on Thursday.
The Nifty Private Bank index was trading 0.14 per cent down at 14,959 around 10:35 am.
Shares of ICICI Bank (down 1.79 per cent), YES Bank (down 0.77 per cent), South Indian Bank (down 0.67 per cent), Federal Bank (down 0.36 per cent) and IndusInd Bank (down 0.21 per cent) were among the losers in the Nifty Private Bank index.
Shares of ICICI Bank extended their losses to the fourth consecutive session on Thursday, hit by controversies including whistleblower complaints.
A report in Mint said today, quoting a whistleblower complaint, that the bank issued hundreds of letters of credit to entities related to its troubled corporate borrowers to help them avoid loan default.
On the other hand, HDFC Bank (up 0.83 per cent), Axis Bank (up 0.79 per cent), RBL Bank (up 0.29 per cent), Kotak Mahindra Bank (up 0.25 per cent) and IDFC Bank (up 0.24 per cent) were among the gainers.
Weak global cues, falling rupee and surging global crude oil prices were keeping equity markets subdued.
Moreover, investors were on the sidelines on the last of June series of future and option contracts.
The NSE Nifty50 index was down 11 points at 10,660, while the BSE Sensex was up 7 points at 35,224.
Mahindra & Mahindra, Indian Oil Corporation, Infosys, ONGC and Tata Steel were among the top gainers in the Nifty index.
The Nifty Private Bank index was trading 0.14 per cent down at 14,959 around 10:35 am.
Shares of ICICI Bank (down 1.79 per cent), YES Bank (down 0.77 per cent), South Indian Bank (down 0.67 per cent), Federal Bank (down 0.36 per cent) and IndusInd Bank (down 0.21 per cent) were among the losers in the Nifty Private Bank index.
Shares of ICICI Bank extended their losses to the fourth consecutive session on Thursday, hit by controversies including whistleblower complaints.
A report in Mint said today, quoting a whistleblower complaint, that the bank issued hundreds of letters of credit to entities related to its troubled corporate borrowers to help them avoid loan default.
On the other hand, HDFC Bank (up 0.83 per cent), Axis Bank (up 0.79 per cent), RBL Bank (up 0.29 per cent), Kotak Mahindra Bank (up 0.25 per cent) and IDFC Bank (up 0.24 per cent) were among the gainers.
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Weak global cues, falling rupee and surging global crude oil prices were keeping equity markets subdued.
Moreover, investors were on the sidelines on the last of June series of future and option contracts.
The NSE Nifty50 index was down 11 points at 10,660, while the BSE Sensex was up 7 points at 35,224.
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Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red. Mahindra & Mahindra, Indian Oil Corporation, Infosys, ONGC and Tata Steel were among the top gainers in the Nifty index.
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On the other hand, Titan Company, Tech Mahindra, GAIL (India), HPCL and Grasim Industries were among the top losers in the Nifty pack of stocks. Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
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