Share market update: Nifty Private bank index gains; RBL Bank surges 8%

NEW DELHI: Nifty Private Bank index was trading on a positive note on Friday's afternoon session.

Shares of RBL Bank (up 7.84 per cent), IDFC Bank (up 3.34 per cent), City Union Bank (up 2.65 per cent), Bandhan Bank (up 2.53 per cent) and Federal Bank (up 2.19 per cent) were among the top gainers.

While HDFC Bank (down 0.31 per cent), Kotak Mahindra Bank (down 0.26 per cent) and ICICI Bank (down 0.14 per cent) were the top losers in the index.

The Nifty Private Bank index was trading 0.53 per cent up at 11889.8 around 12:05PM.

Benchmark NSE Nifty50 index was up 4.70 points at 11204.85, while the BSE Sensex was 17.45 points at 38008.0.

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

Shares of YES Bank, Vodafone Idea, Alok Industries, RBL Bank Ltd. and Tata Motors were among the most traded shares on the NSE.