Banking stocks are trading weak on Monday. IndusInd Bank is down by 0.6%, HDFC Bank is down by 0.4%, Federal Bank is down by 0.3%, SBIN is down by 0.3%, PNB is down by 0.2% and Yes Bank is down by 0.05%.
Meanwhile, Kotak Bank is up by 0.8%, ICICI Bank is up by 0.5% and Bank of Baroda is up by 0.4%.
ICICI Bank is the major contributor to the BSE Bankex gains on Monday’s trade.
At 11 AM, the S&P BSE Sensex is trading at 29,474 up 13 points, while NSE Nifty is trading flat at 9150. A total of 67 stocks registered a fresh 52-week high in trade today, while 14 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 0.2% at 14390, while BSE Small-cap Index is trading down 0.3% at 14932.
Some buying activity is seen in Energy, Finance, Utilities and Oil & Gas, while Power, Bankex and Auto and Telecom indices are showing weakness on BSE.
Dr Reddy’s Lab, IOC, HDFC and Adani Ports are among the gainers, whereas Infratel, Sun Pharma, Hindalco, Ambuja Cement and Asian Paints are losing on the NSE.
The INDIA VIX is up 3.5% at 11.
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