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Bank Stocks Witness Selling, IndusInd Bank Sinks ~2pc

Nifty-Pharma

Majority of bank stocks were trading in negative territory through Friday mid-morning session.  Nifty Bank Index floats at 31,085.45, down by 1.6pc, led by greater falls in IndusInd bank.

IndusInd Bank lower by 1.27%, ICICI Bank down 1.58%, YesBank down 1.47% were major index losers on Nifty bank index.

Also, RBL Bank, Federal bank, HDFC Bank, Axis bank and Kotak bank were trading in loss, between range 0.19T to 1.18%.

On the other hand, shares of PNB, Bank of Baroda, IDFC First Bank were trading in positive zone upto 2.37%

At 11.30am, Sensex & Nifty were trading in the red with the former losing 111-points at 39,474, while the latter slips 34 points at 11,807.70.

Among the most traded shares on the NSE, the names include YesBank, PNB, DishTV, AshokLeyland and Bank of India.