NEW DELHI: Private bank stocks were trading mixed during morning trade on Monday.Shares of IDFC Bank (up 3.18 per cent), ICICI Bank (up 1.52 per cent), South Indian Bank (up 0.83 per cent), Axis Bank (up 0.69 per cent) and Federal Bank (up 0.11 per cent) were trading up.On the other hand, RBL Bank (down 1.43 per cent), Kotak Mahindra Bank (down 1.26 per cent), HDFC Bank (down 1.07 per cent), YES Bank (down 0.46 per cent) and IndusInd Bank (down 0.31 per cent) were down.The Nifty Private Bank index was trading 0.15 per cent down at 15,525 around 10:30 am.
Equity benchmarks erased early gains and turned flat ahead of RBI policy meet beginning today.Global cues too were subdued ahead of key central bank, including Bank of Japan and the Federal Reserve meetings, scheduled this week.HDFC twins, Infosys, Larsen Toubro and ITC were among the top drags on Sensex.
Benchmark NSE Nifty50 index was down 12 points at 11,266, while the BSE Sensex was 28 points down at 37,309.Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red.
State Bank of India, HPCL and Vedanta were leading the pack of Nifty gainers.However, Kotak Mahindra Bank, Infosys and Wipro were among the top losers in the Nifty index.