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Authors: JordanNEW DELHI: Most PSU bank stocks were trading with gains during the early trade on Friday.
The Nifty PSU Bank index was trading 0.76 per cent up at 2,816 around 10:40 am (IST) with all components in the green.
Shares of Bank of India (up 1.93 per cent), Oriental Bank of Commerce (up 1.80 per cent) and Bank of Baroda (up 1.78 per cent) climbed nearly 2 per cent, whereas Union Bank of India (up 1.42 per cent) and Indian Bank (up 1.23 per cent) advanced over 1 per cent.
Shares of Canara Bank (up 0.89 per cent), Punjab National Bank (up 0.71 per cent), State Bank of India (up 0.54 per cent), Syndicate Bank (up 0.47 per cent), Allahabad Bank (up 0.42 per cent), Andhra Bank (up 0.27 per cent) and IDBI Bank (up 0.23 per cent) were also trading in the green zone.
Key equity indices were trading in the red following weak global cues due to little hope of the US and China reaching a resolution at the negotiating table on their trade dispute.
The US-China trade talk entered the second day on Friday.
IT, metal, auto and pharma counters were experiencing the heat of selling.
The NSE Nifty50 index was down 42 points at 10,638, while the BSE Sensex was 126 points down at 34,977.
Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red.
Adani Ports, ONGC and HCL Technologies were the top gainers in the Nifty pack of stocks.
