Market Now: Nifty Private Bank index down; ICICI Bank, YES Bank weigh

  

NEW DELHI: In line with PSU peers, private bank stocks too were declining in morning trade on Wednesday. 

The Nifty Private Bank index was trading 1.18 per cent down at 14,232 around 09:50 am (IST), with shares of ICICI Bank (down 2.25 per cent) and YES Bank (down 1.62 per cent) as the top drags. 

Shares of Federal Bank (down 1.56 per cent), Axis BankBSE -1.16 % (down 1.23 per cent), South Indian BankBSE -0.56 % (down 0.93 per cent), HDFC BankBSE -0.95 % (down 0.92 per cent), Karnataka BankBSE -0.86 % (down 0.60 per cent), IndusInd BankBSE -1.06 % (down 0.55 per cent), IDFC Bank (down 0.48 per cent) and Kotak Mahindra Bank (down 0.24 per cent) were also among the losers around that time. 
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