The Nifty pvt bank index gained up to ~1% at 15,375. Shares of Yes Bank, which surged over 29%, were leading the index’s gain. Followed by South Indian Bank, ICICI Bank, IDFC First Bank, and IndusInd Bank also contributed to the gain in the banking index.
However, HDFC Bank, Federal Bank, Kotak Mahindra Bank and RBL Bank were trading under pressure.
Equity benchmark indices were trading lower in the last hour of trading session, while the Sensex slipped over 160 points at 35,873. The Nifty50 index slipped 55 points to 10,738 led by HDFC twins, RIL, and Infosys.