Stock market update: Private banks surge; Axis Bank jumps 2%

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of private banks were trading with gains in Tuesday's trade. Shares of Axis Bank (up 1.93 per cent), RBL Bank (up 1.73
per cent), ICICI Bank (up 1.61 per cent), IndusInd Bank (up 1.59 per cent), Federal Bank (up 1.22 per cent), IDFC Bank (up 0.85 per cent),
HDFC Bank (up 0.78 per cent) and Kotak Mahindra Bank (up 0.48 per cent) were among the top gainers
While City Union Bank (down 0.93 per cent) and Yes Bank (down 0.27 per cent) were the top losers in the index
The Nifty Private Bank index was trading 1.15 per cent up at 17,277.2 around 09:32 am
Benchmark NSE Nifty50 index was up 129.25 points at 12,160.75, while the BSE Sensex was up 437.1 points at 41,416.72
Among the 50 stocks in the Nifty index, 47 were trading in the green, while 3 were in the red
Shares of YES Bank, Vodafone Idea, ITC, Tata Motors, NALCO, SBI, GAIL, Zee, BHEL and Indiabulls Housing were among the most traded shares
on the NSE.