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Market Now: PSU bank stocks rise; SBI tops PSU bank index

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NEW DELHI: Most PSU bank stocks were trading with gains in Thursday's trade, keeping the sectoral index up.

The Nifty PSU Bank index was trading 0.76 per cent up at 2,731 around 10:25 am, with State Bank of India (up 1.07 per cent) as the top gainer. Shares of Canara Bank (up 0.68 per cent), Syndicate Bank (up 0.68 per cent), Allahabad Bank (up 0.64 per cent), Union Bank of India (up 0.53 per cent), IDBI Bank (up 0.48 per cent), Andhra Bank (up 0.43 per cent), Indian Bank (up 0.37 per cent) and Bank of India (up 0.11 per cent) were also in the green. Oriental Bank of Commerce (down 0.25 per cent) and Punjab National Bank (down 0.13 per cent) were the two stocks in the PSU bank index that were down by little margins. Sensex, Nifty were under pressure on mixed Asian cues and uninspiring earnings. Benchmark NSE Nifty50 index was down 8 points at 10,733, while the BSE Sensex was 20 points down at 35,368. Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.

Shares of Punjab National Bank, Hindalco Industries, Tata Steel, JSW Steel, SAIL, Axis Bank and Idea Cellular were among most traded stocks on NSE.




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Category: Stock Market


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