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Live Stock Market Updates: Market slips in red; Axis Bank down by 2.5%

Private banks are trading in red whereas PSU banks are trading in green. Nifty Private Bank index is trading lower by 0.3% whereas Nifty PSU Bank index is trading higher by 0.2%.
Orient Bank and State Bank of India are trading higher by nearly 0.7%. ICIC Bank is trading lower by 0.4% at Rs 273.9 per share, Axis Bank is trading lower by 2.5% at Rs 490.4 per share, Yes Bank is trading lower by 1% at Rs 1500 per share.
There are 587 advances, 953 declines and 374 unchanged stocks on NSE reflecting some negative undertone floating in the market.
At 11 AM, the S&P BSE Sensex is trading at 29476 down 42 points, while NSE Nifty is trading at 9117 down 10 points. A total of 51 stocks registered a fresh 52-week high in trade today, while 18 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 0.6% at 13837, while BSE Small-cap Index is trading down 0.3% at 14020.
Some buying activity is seen in Capital Goods, IT and FMCG while Healthcare, Telecom and Auto are showing weakness on BSE.
LT, Ambuja Cements, ITC Limited, Bharti Infratel and Bosch Limited are among the gainers, whereas Idea, Dr Reddy’s, Axis Bank, Sun Pharma and Aurobindo Pharma are losing sheen on NSE.
The INDIA VIX is down 1.4% at 11.8.