The Nifty private bank's index was trading flat in the noon trade on Tuesday session followed by FMCG, metal, pharma and IT.
The Nifty Pvt bank index gained up 0.12% at 29,652.80. Shares of RBL Bank, which gained over 1%, were leading the index’s gain. Followed by Axis Bank, SBI, Yes Bank, and HDFC Bank also contributed to the gain in the banking index.
However, ICICI Bank and IndusInd Bank were trading under pressure.
Shares of HDFC Bank was trading higher on the NSE. The bank is set to consider stock split on May 22. Board will consider splitting each share into two shares.
Shares of ICICI Bank erased morning gains and trading in the negative zone. The bank’s Q4FY19 NII came at Rs7,620cr as against Rs6,021.7cr, which is up by 26.5% yoy. The bank has reported a net profit of Rs969cr in Q4FY19, as against Rs1,020cr yoy.
Equity benchmark indices were trading in the positive session, while the Sensex rose 49 points at 38,681. The Nifty50 index marginally up 4 points to 10,602 led by BPCL, IOC, and Bharti Airtel.
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