Stock Market

Share market update: PSU Bank stocks mixed; OBC, SBI down 1% each

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NEW DELHI: PSU bank stocks were trading mixed in morning trade on Friday. The Nifty PSU Bank index was trading 0.60 per cent down at 3,144 around 10:45 am.

Oriental Bank of Commerce (OBC) (down 1.22 per cent) and State Bank of India (SBI) (down 1.05 per cent) were the top losers in the index. Canara Bank (down 0.26 per cent), Allahabad Bank (down 0.25 per cent) and Syndicate Bank (down 0.13 per cent) too declined. However, Bank of Baroda (up 0.79 per cent), Andhra Bank (up 0.65 per cent) and Punjab National Bank (PNB) (up 0.60 per cent) were trading with mild gains. Indian Bank (up 0.54 per cent), Union Bank of India (up 0.18 per cent), IDBI Bank (up 0.17 per cent) and Bank of India (up 0.16 per cent) also inched up.

Benchmark NSE Nifty50 index was up 15 points at 11,552, while the BSE Sensex was up 37 points at 38,280.

Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red.

Bajaj Auto, Hero MotoCorp, Tata Motors, Bharti Infratel and Wipro were among the top gainers in the Nifty index. Sun Pharma, Power Grid Corporation, YES Bank, HCL Technologies and State Bank of India were among the top losers in the Nifty pack of stocks.




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