Share market update: Nifty Private Bank index flat; South Indian Bank dips 1%

NEW DELHI: Shares of private sector banks were trading in the red in Tuesday's afternoon trading session.

The Nifty Private Bank index was trading 0.01 per cent down at 15,551.50 around 02:03 pm.

Shares of South Indian Bank (down 1.06 per cent), RBL Bank (down 0.87 per cent), ICICI Bank (down 0.87 per cent ) and IndusInd Bank (down 0.70 per cent) were trading with losses.

Axis Bank (down 0.56 per cent), Federal Bank (down 0.45 per cent), IDFC Bank (down 0.43 per cent) and HDFC Bank (down 0.30 per cent) too were trading lower.

Benchmark NSE Nifty50 index was down 50.75 points at 10,911.10 while the BSE Sensex was down 164.96 points at 36,414.

Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of Sun Pharma, YES Bank, Ashok Leyland, L&T Fin Holding, Idea Cellular, RIL, SAIL, ICICI Bank, Kotak Bank and SBI were among the most traded shares on the NSE.