Share market update: Bank stocks slip ahead of RBI's policy outcome; BoB dips 3%

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

Shares of Bank of Baroda (down 3.24 per cent), YES Bank (down 2.88 per cent), IDFC First Bank (down 2.20 per cent) and Federal Bank (down 2.04 per cent) were the top losers in the index.

State Bank of India (down 1.86 per cent), IndusInd Bank (down 1.71 per cent), Punjab National Bank (down 1.03 per cent) and ICICI Bank (down 0.50 per cent) too were trading with losses.

The Nifty Bank index was trading 0.50 per cent down at 31,430.40 around 09:54 am.

Benchmark NSE Nifty50 index was down 43.20 points at 11,978.45 while the BSE Sensex was down 89.02 points at 39,994.52.

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

Shares of DHFL, YES Bank, Vodafone Idea, GAIL, Bank of Baroda, SBI, Federal Bank, IDBI Bank, PNB and ZEEL were among the most traded shares on the NSE.

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