Share market update: Bank stocks gain ahead of RBI's policy outcome; YES Bank up over 1%

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

Shares of IDFC First Bank (up 3.37 per cent) , YES Bank (up 1.62 per cent) , RBL Bank (up 1.23 per cent) and State Bank of India (up 0.73 per cent) were the top gainers in the index.

Federal Bank (up 0.70 per cent) , Punjab National Bank (up 0.66 per cent) and Bank of Baroda (up 0.37 per cent) too were trading with gains.

The Nifty Bank index was trading 0.05 per cent up at 27,416.65 around 10:11 am.

Benchmark NSE Nifty50 index was up 25.60 points at 11,088.05 while the BSE Sensex was up 99.21 points at 37,074.44.

Among the 50 stocks in the Nifty index, 35 were trading in the green, while 15 were in the red.

Shares of Vodafone Idea, YES Bank, Ashok Leyland, SAIL, Zee Entertainment, Sun Pharma, Tata Motors, SBI, RIL, Vedanta , BHEL and Indiabulls Housing Finance were among the most traded shares on the NSE.