Among individual stocks, Bajaj Finance, Mahindra & Mahindra Financial Services, ICICI Bank and State Bank of India (SBI) logged smart gains
At 12:25 pm, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Auto indices were down in the range of 1 per cent to 2 per cent on the National Stock Exchange.
Nifty Auto, PSU Bank and Realty indices were trading red in the range of 0.13% to 1%, while Nifty Private Bank and Nifty Bank index up 0.67% and 0.37%, respectively, against an unchanged Nifty50.
Since September 2018, Realty (down 23%), Auto (16%) and Finance (14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices