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The Indian equity market was trading on positive note on Thursday morning with the Nifty adding 24 points and was trading at 10,766 while the Sensex was up 116 points or 0.34 percent.
Bank Nifty was marginally up led by stocks like ICICI Bank which added over 1 percent while Punjab National Bank was up 0.5 percent.
However, the stock that dragged was Federal Bank which tanked 11 percent in early trade after it reported 43.5 percent year-on-year (YoY) drop in net profit at Rs 145 crore for the March quarter because of an increase in provisions and worsening asset quality
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