Markets

Market Now: Bank stocks up; YES Bank gains 3%

NEW DELHI: Most of the bank stocks were trading up in afternoon trade on Friday, keeping the Nifty Bank index in the green zone.

The Nifty Bank index was trading 1.11 per cent up at 25,447 around 01:30 pm (IST), with shares of YES Bank (up 2.67 per cent), Federal Bank (up 2.55 per cent) and HDFC Bank (up 2.10 per cent) as the top gainers.

Shares of Axis Bank (up 1.27 per cent), IDFC Bank (up 1.06 per cent), Punjab National Bank (up 0.94 per cent), State Bank of India (up 0.35 per cent), Kotak Mahindra Bank (up 0.21 per cent) and ICICI Bank (up 0.21 per cent) were also in the green.

Canara Bank (down 0.36 per cent) was the only component in the Nifty Bank index that was in the red around that time.

Benchmark NSE Nifty50 index was 87 points up at 10,339, while the BSE Sensex was 263 points up at 33,510.

Among the 50 stocks in the Nifty50 index, 39 were trading in the green, while 11 were in the red.

Shares of Vedanta, Mahindra & Mahindra, Bajaj Auto, YES Bank, Eicher Motors and Hindalco were among the top gainers in the Nifty50 index.

However, Tech Mahindra, Cipla, Oil and Natural Gas Corporation, Bharti Infratel, Hindustan Unilever and NTPC were trading in the red.

Original Article

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