Axis Bank fell 5% and Nifty Bank dropped 1% even though Q2 profits grew: Axis net profit +37.6% YoY, ICICI +20.1%, HDFC Bank +5%. Analysts blame high expectations and mixed results, with ICICI's NIM d

What happened: Most private bank stocks fell in morning trade on Monday, 19 October, dragging the Nifty Bank index down 1%. Axis Bank fell 5%, HDFC Bank and ICICI Bank declined more than 2% and 1%, after Q2 results. Key numbers: Nifty Bank down 1%; Axis Bank down 5%; HDFC Bank down over 2%; ICICI Bank down over 1%; Kotak Mahindra Bank and YES Bank down up to 1%. Why it matters: Ajit Mishra of Religare Broking said expectations were high and results were mixed, weighing on sentiment, while PSU banks look strong. Pankaj Pandey of ICICI Securities said there

Most private bank stocks fell in morning trade on Monday, 19 October, dragging the Nifty Bank index down 1%. Axis Bank fell 5%, HDFC Bank and ICICI Bank declined more than 2% and 1%, after Q2 results.

Ajit Mishra of Religare Broking said expectations were high and results were mixed, weighing on sentiment, while PSU banks look strong. Pankaj Pandey of ICICI Securities said there