Share market update: Bank stocks gain ahead of RBI's policy outcome; YES Bank surges 7%

NEW DELHI: Bank shares were trading higher with its sectoral index flat on Wednesday ahead of the RBI policy outcome due today.

Shares of YES Bank (up 7.32 per cent), IndusInd Bank (up 1.55 per cent), Federal Bank (up 0.91 per cent) and Bank of Baroda (up 0.67 per cent) were trading higher.

RBL Bank (up 0.59 per cent), Punjab National Bank (up 0.59 per cent), ICICI Bank (up 0.52 per cent) and IDFC First Bank (up 0.48 per cent) too were trading in the green.

The Nifty Bank index was trading flat at 28,009.40 around 10:02 am.

Benchmark NSE Nifty50 index was down 3 points at 10,945.25 while the BSE Sensex was up 8.69 points at 36,985.54.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Shares of Vodafone Idea, YES Bank, Dish TV India, Tata Motors, Ashok Leyland, PNB, ZEEL, SAIL and JSPL were among the most traded shares on the NSE.