Stock Market

Share market update: PSU banks shares down; Indian Bank slumps over 5%

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NEW DELHI: Shares of PSU banks were trading lower in Monday's morning session. Shares of Indian Bank (down 5.58 per cent), Central Bank of India (down 3.52 per cent), IDBI Bank (down 3.37 per cent) and Bank of India (down 2.38 per cent) were the worst performers in the index.

Vijaya Bank (down 2.29 per cent), Oriental Bank of Commerce (down 2.24 per cent) and Bank of Baroda (down 1.86 per cent) too were trading with losses.

The Nifty PSU Bank index was trading 1.74 per cent down at 2899.25 around 10:40 am.

Benchmark NSE Nifty50 index was down 74.15 points at 10,706.40 while the BSE Sensex was down 213.58 points at 35,811.96.

Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.

Shares of Zee Entertainment, YES Bank, ICICI Bank, Adani Ports SEZ, Ashok Leyland, SBI, Bank of Baroda, Larsen Toubro, DLF, Axis Bank and Wipro were among the most traded shares on the NSE.




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Category: Stock Market


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