INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Private bank stocks were trading mixed in Wednesday's session even as the RBI's monetary policy committee (MPC) meet began to
The central bank's MPC started its three-day meeting on Wednesday to decide on the fourth bi-monthly monetary policy
The decision of the meet is scheduled to be released on Friday.
The Nifty Private Bank was trading 0.37 per cent down at 14,174 around 11 am
Shares of YES Bank (up 7.34 per cent), South Indian Bank (up 4.36 per cent), RBL Bank (up 1.55 per cent), IDFC Bank (up 1.20 per cent) and
Kotak Mahindra Bank (up 0.58 per cent) were the gainers in the private bank index
On the flip side, ICICI Bank (down 1.74 per cent), IndusInd Bank (down 1.70 per cent), Federal Bank (down 1.64 per cent), Axis Bank (down
1.37 per cent) and HDFC Bank (down 0.35 per cent) were the losers in the index.
Benchmark NSE Nifty50 index was down 80 points at 10,929,
while the BSE Sensex was 231 points down at 36,295
Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red
YES Bank, Vedanta, Tata Steel, Adani Ports and JSW Steel were among the top gainers in the Nifty index.
Eicher Motors, Bharti Infratel,
Grasim Industries, Mahindra Mahindra and Maruti Suzuki India were the top losers in the Nifty pack of stocks.
