Market Now: Nifty PSU Bank index climbs over 3%; BoI, Andhra Bank top gainers


NEW DELHI: Boosted by gains in shares of Bank of India (up 9.36 per cent), Andhra Bank (up 5.98 per cent) and Union Bank of India (up 5.98 per cent), the Nifty PSU Bank index was trading 3.23 per cent up at 2,936 around 09:50 am (IST) on Tuesday.

Shares of Oriental Bank of Commerce (up 5.54 per cent), Bank of Baroda (up 5.15 per cent), Syndicate Bank (up 5.06 per cent), Punjab National Bank (up 4.92 per cent), Allahabad Bank (up 4.41 per cent), Canara Bank (up 4.21 per cent), IDBI Bank (up 3.62 per cent) and State Bank of India (up 2.19 per cent) were also among the gainers in the index.

Benchmark indices recouped early morning losses to trade flat in Tuesday’s session.

The NSE Nifty50 index was up 20 points at 10,442, while the BSE Sensex was up 46 points at 33,964.

Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.

HPCL, BPCL, State Bank of India, Wipro and Bharti Infratel were among the top gainers in the Nifty50 index, while TCS, Coal India, NTPC, Hindalco and ONGC were among the top losers.

Source: Economic Times