Share market update: Bank shares down; Axis Bank slips 3%
NEW DELHI: Bank shares were trading in the negative zone in Tuesday’s morning session.
Shares of Axis Bank (down 2.68 per cent), HDFC BankNSE -1.46 % (down 0.87 per cent) and Kotak Mahindra BankNSE -1.81 % (down 0.66 per cent) were trading in the red.
ICICI Bank (down 0.57 per cent), IDFC First Bank (down 0.47 per cent) and Bank of Baroda (down 0.05 per cent) too were trading lower.
The Nifty Bank index was trading 0.77 per cent down at 27,640.15 around 10:17 am.
Benchmark NSE Nifty50 index was down 68.40 points at 10,935.10 while the BSE Sensex was down 229.54 points at 36,893.77.
Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.
Shares of YES Bank, SAIL, Vodafone Idea, Tata Motors, JSPL, BEL, Graphite India, Ashok Leyland, NBCC and Indiabulls Housing Finance were among the most traded securities on the NSE.