Share market update: Bank shares in the red; Yes Bank slips 4%


NEW DELHI: Bank shares were trading with losses in Wednesday’s morning session.

Shares of IndusInd BankNSE -4.40 % (down 3.97 per cent), Yes Bank (down 3.63 per cent), RBL BANK (down 2.23 per cent), State Bank of India (down 1.34 per cent), Bank of Baroda (down 1.28 per cent), Axis Bank (down 1.08 per cent), Punjab National Bank (down 0.88 per cent), IDFCBANK (down 0.78 per cent), ICICI Bank (down 0.7 per cent), Federal Bank (down 0.66 per cent) and HDFC Bank (down 0.48 per cent) were the top losers in the index.

The Nifty Bank index was trading 0.91 per cent down at 31779.7 around 09:55 am.

Benchmark NSE Nifty50 index was down 62.05 points at 12300.25 , while the BSE Sensex was down 183.93 points at 41768.70.

Among the 50 stocks in the Nifty index, 12 were trading in the green, while 38 were in the red.

Shares of YES Bank, Vodafone Idea, SBI, Tata Global Bev, SAIL, Bank of Baroda, IndusInd Bank, Castrol India, Tata Motors and Wipro were among the most traded shares on the NSE.