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Stock market update: Private banks tumble; YES Bank slides 4%

The Nifty Private Bank index was trading 0.41 per cent down at 17,395.35.

ETMarkets.com|
Updated: Dec 04, 2019, 09.34 AM IST
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Benchmark NSE Nifty50 index was down 37.40 points at 11,956.8, while the BSE Sensex was 111.93 points at 40,563.52.
NEW DELHI: Shares of private banks slumped in Wednesday's morning trade.

Shares of YES Bank (down 3.78 per cent), Federal Bank (down 1.74 per cent), IndusInd Bank (down 1.21 per cent), IDFC First Bank (down 0.78 per cent) and HDFC Bank (down 0.67 per cent) were the top losers in the index.

While ICICI Bank (up 0.92 per cent), City Union Bank (up 0.09 per cent) were trading in the red.

The Nifty Private Bank index was trading 0.41 per cent down at 17,395.35 around 09:26 am.

Benchmark NSE Nifty50 index was down 37.40 points at 11,956.8, while the BSE Sensex was 111.93 points at 40,563.52.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 29 were in the red.

Shares of Vodafone Idea, YES Bank, PNB, Tata Motors, Bharti Infratel, Federal Bank, SAIL, Indiabulls Housing, ICICI Bank and Tata Steel were among the most traded shares on the NSE.

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