INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most PSU bank stocks were trading with gains in morning trade on Monday, keeping the sectoral index in the positive
territory.
The Nifty PSU Bank index was trading 1.9 per cent up at 3,301 around 10:25 am, with Syndicate Bank (down 2.54 per cent) as the
State Bank of India (SBI) (up 2.37 per cent) was the top gainer of the pack, followed by Indian Bank (up 1.06 per cent) and Punjab National
Bank (up 0.74 per cent).
Allahabad Bank (up 0.66 per cent), Bank of India (up 0.63 per cent), Bank of Baroda (up 0.57 per cent), Oriental
Bank of Commerce (up 0.55 per cent), Canara Bank (up 0.53 per cent), Andhra Bank (up 0.42 per cent), Union Bank of India (up 0.34 per cent)
and IDBI Bank (up 0.32 per cent) climbed up to half-a-per cent.
Equity benchmarks were trading in the positive terrain on gains in select
bank, energy, metal and auto stocks amid broadly positive global cues.
Heavyweights ICICI Bank, State Bank of India, HDFC Bank, Axis Bank
and Reliance Industries were boosting the benchmark indices.
However, losses in Infosys, Kotak Mahindra Bank, Hindustan Unilever, Sun Pharma
and HDFC dragged Sensex and Nifty down from their record highs.
Benchmark NSE Nifty50 index was up 32 points at 11,393, while the BSE Sensex
was up 142 points at 37,698
Among the 50 stocks in the Nifty index, 30 were trading in the green, while 20 were in the red
ICICI Bank, UPL, State Bank of India, Axis Bank and Tech Mahindra were leading among Nifty scrips.
Lupin, Hindustan Unilever, Sun Pharma,
Reddy's Laboratories and Kotak Mahindra Bank were among the top losers in the Nifty index.
