INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Losses in IDFC Bank (down 2.30 per cent), Axis Bank (down 1.41 per cent) and Kotak Mahindra Bank (down 1.19 per cent) were
keeping Nifty Private Bank index down in morning trade on Tuesday.
The Nifty Private Bank index was trading 0.47 per cent down at 15,593
Shares of HDFC Bank (down 0.53 per cent), ICICI Bank (down 0.31 per cent), Federal Bank (down 0.11 per cent) and YES Bank (down 0.09 per
However, RBL Bank (up 1.13 per cent), South Indian Bank (up 0.82 per cent) and IndusInd Bank (up 0.30 per cent) were trading with
gains.
Indian equity market was in the negative territory tracking weak global cues.
Investors held back their bets as RBI's monetary
policy meeting gets under way
RBI Governor Urjit Patel-headed Monetary Policy Committee (MPC) is expected to announce its decision on the key policy rates on
Wednesday.
Global stocks fell as investors awaited critical monetary policy decisions this week
The Federal Reserve's Federal Open Market Committee too will announce its decision on Wednesday.
Benchmark NSE Nifty50 index was down 49
points at 11,270, while the BSE Sensex was 188 points down at 37,307.
Among the 50 stocks in the Nifty index, 22 were trading in the green,
while 28 were in the red.
