HDFC, Axis to Kotak Bank: Private bank stocks slip over 4% after Q1 results; ICICI Bank shares outperform

Private banking stocks declined over 5% in early trade after Q1 results, with the Nifty Private Bank index dropping around 2.5%. HDFC Bank and Axis Bank fell over 5% each, while Kotak Mahindra Bank and Yes Bank declined over 3% each. ICICI Bank outperformed the sector, gaining up to 2.47%.