Banking stocks traded mostly lower on Monday after the lenders announced their Q4 business updates over the weekend. The Nifty Bank index declined nearly 0.9%, with nine of its fourteen constituent banking stocks trading in the red.
Kotak Mahindra Bank share price and IndusInd Bank share price fell the most, declining over 2% each, followed by ICICI Bank, Punjab National Bank (PNB), IDFC First Bank falling more than 1% each.
HDFC Bank, AU Small Finance Bank and Yes Bank shares were also trading in the red.
(More to come)