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NEW DELHI: Most PSU bank stocks were incurring losses in Thursday's session, putting pressure on the sectoral index.
The top sectoral loser on NSE, Nifty PSU Bank index was trading 2.12 per cent down at 3,209 around 11 am with all components in the red.
Bank of India (down 3.34 per cent) was the top loser in the index, followed by Union Bank of India (down 2.49 per cent), Canara Bank (down 2.34 per cent) and State Bank of India (SBI)(down 2.28 per cent).
Oriental Bank of Commerce (down 2.15 per cent), Indian Bank (down 2.12 per cent), IDBI Bank (down 1.89 per cent), Allahabad Bank (down 1.59 per cent), Punjab National Bank (down 1.49 per cent), Syndicate Bank (down 1.25 per cent), Bank of Baroda (down 1.23 per cent) and Andhra Bank (down 1.21 per cent) fell in that order.
Equity benchmarks Sensex and Nifty came down from record highs on selling in bank, metal and auto stocks amid weak rupee and mixed global cues.
Barring pharma, IT and FMCG, all sectoral indices were in the red on NSE.
Benchmark NSE Nifty50 index was down 10 points at 11,561, and the BSE Sensex was 9 points down at 38,276.
Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red.
Tata Motors, Indian Oil Corporation, HPCL, BPCL and Vedanta were among the top losers in the Nifty index.
