Nifty Bank pares opening gains

Nifty Bank was trading lower by 0.74% at 24,197.70 levels on NSE at 0940 hours during Tuesday’s trading session. Whereas, the major benchmark indices, Nifty 50 and Sensex also opened in the negative territory. Nifty was trading down by 52 points at 9,860 levels and Sensex was trading lower by 168 points at 31,582 levels.
Bank of Baroda was the top loser in the index, trading lower by nearly 2% at Rs 2.80 per share. Federal Bank was trading down by 1.50% at Rs 108 per share. PNB was also trading lower by 1.48% at Rs 142 per share and IDFC Bank plunged by 1.07% at Rs 55 per share.
The stock of RBL Bank advanced over 3% during early morning trade on Tuesday, on the BSE after block deal. The stock witnessed 1.9 crore shares trade in 2 blocks on the BSE at Rs 515/516 per share.