INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most PSU bank stocks were trading with gains in morning trade on Monday, keeping the sectoral index up.The Nifty PSU Bank index
was trading 1.08 per cent up at 2,685 around 10:20 am, with Bank of India (up 2.51 per cent) as top gainer.Shares of Punjab National Bank
(up 1.47 per cent), Canara Bank (up 1.34 per cent), IDBI Bank (up 1.24 per cent) and State Bank of India (up 1.03 per cent) climbed over 1
per cent.Indian Bank (up 0.95 per cent), Union Bank of India (up 0.90 per cent), Allahabad Bank (up 0.79 per cent), Syndicate Bank (up 0.58
per cent) and Bank of Baroda (up 0.43 per cent) advanced up to 1 per cent.Andhra Bank (down 0.44 per cent) and Oriental Bank of Commerce
(down 0.20 per cent) were the only two components in the PSU bank index that were down around that time.Equity markets were trading in the
red even as Asian peers were in the green amid easing trade war worries between the US and China.A surge in oil prices and falling rupee
dealt a blow to market sentiment.Most sectors were in the red, barring IT and PSU bank on NSE
Benchmark NSE Nifty50 index was down 13 points at 10,584, while the BSE Sensex was 14 points down at 34,834.Among the 50 stocks in the Nifty
index, 18 were trading in the green, while 32 were in the red
Tata Consultancy Services, Bharti Airtel and ICICI Bank were among top Nifty gainers, while Hindalco Industries, Sun Pharma and Bajaj
Finance were among top Nifty losers.
