Market Now: Nifty Private Bank index in the red; Federal Bank, ICICI Bank weigh
NEW DELHI: The Nifty Private Bank index slipped into the negative zone dragged by Federal BankBSE 0.87 % (up 0.65 per cent) and ICICI BankBSE 0.42 % (up 0.57 per cent) in morning trade in Wednesday.
The Nifty Private Bank index was trading 0.05 per cent down at 14,003 around 10 am (IST).
Shares of IDFC Bank (up 0.38 per cent), Kotak Mahindra BankBSE 1.00 % (up 0.25 per cent) and Karnataka Bank (up 0.23 per cent) were also in the red.
However, shares of Axis BankBSE -0.89 % (down 0.93 per cent), YES Bank (down 0.89 per cent), IndusInd BankBSE -0.72 % (down 0.37 per cent) and HDFC BankBSE -0.29 % (down 0.22 per cent) were holding up around that time.
Equity benchmarks cooled off due to selling in metal, pharma and auto stocks.
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