Share market update: Private Bank shares slip; YES Bank dips over 2%

NEW DELHI: Shares of Private banks were trading lower in Wednesday's afternoon session.

Shares of YES Bank (down 2.69 per cent), Federal Bank (down 1.77 per cent), Kotak Mahindra Bank (down 1.71 per cent) and ICICI Bank (down 1.36 per cent) were trading with losses.

RBL Bank (down 1.18 per cent), HDFC Bank (down 0.70 per cent), Axis Bank (down 0.50 per cent) and IndusInd Bank (down 0.32 per cent) too were trading in the red.

The Nifty Private Bank index was trading 1.01 per cent down at 17,303.50 around 12:31 pm.

Benchmark NSE Nifty50 index was down 83.75 points at 11,881.85 while the BSE Sensex was down 291.61 points at 39,658.85.

Among the 50 stocks in the Nifty index, 8 were trading in the green, while 41 were in the red.

Shares of YES Bank, Dish TV India, Indiabulls Housing Finance, SAIL, PNB, JSPL, Bank of Baroda, Adani Power, Motherson Sumi and Vodafone Idea were among the most traded shares on the NSE.

Bull or Bear? Stay on top of the game with our LIVE MARKET BLOG