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    Stock market update: Private bank stocks in sync with PSU peers; YES Bank, Axis Bank among top gainers

    Synopsis

    The Nifty Private Bank index was trading 1 per cent up at 15,394 around 10:55 am.

    Stock market update: Private bank stocks in sync with PSU peers; YES Bank, Axis Bank among top gainersThinkStock Photos
    HPCL, BPCL, Indian Oil Corporation, Dr. Reddy's Laboratories and Bajaj Finserv were among the top gainers in the Nifty index.
    NEW DELHI: In line with their PSU peers, most private bank stocks too were trading in the positive territory during Thursday's trade.

    The Nifty Private Bank index was trading 1 per cent up at 15,394 around 10:55 am.

    South Indian Bank (up 3.15 per cent) was the top gainer in the private bank index, followed by YES Bank (up 2.25 per cent) and Axis Bank (up 1.30 per cent).

    IndusInd Bank (up 1.19 per cent), HDFC Bank (up 1.06 per cent) and ICICI Bank (up 1.02 per cent) climbed over 1 per cent.

    IDFC Bank (up 0.63 per cent), RBL Bank (up 0.54 per cent), Federal Bank (up 0.49 per cent) and Kotak Mahindra Bank (up 0.11 per cent) were trading with mild gains.

    Equity markets were up amid positive Asian cues, while a fresh fall in global crude oil prices and an improvement in Indian rupee against the US dollar also influenced the sentiment.

    The rupee strengthened against the US dollar ahead of the release of industrial growth (IIP) data for May and retail inflation (CPI) data for June.

    Benchmark NSE Nifty50 index was up 86 points at 11,034, while the BSE Sensex was up 269 points at 36,535.

    Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red.

    HPCL, BPCL, Indian Oil Corporation, Dr. Reddy's Laboratories and Bajaj Finserv were among the top gainers in the Nifty index.

    On the other hand, Bharti Infratel, Infosys, Mahindra & Mahindra, ITC and Tata Consultancy Services were among the top losers in the Nifty pack of stocks.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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