Shares of PSU banks were trading with losses in Tuesday’s morning session.
Shares of Punjab National Bank (down 2.66 per cent) , Jammu & Kashmir Bank Ltd. (down 2.27 per cent) , Union Bank of India NSE -5.05 % (down 2.09 per cent) and Canara Bank (down 1.99 per cent) were trading in the red.
Bank of Baroda (down 1.92 per cent) , Indian Bank (down 1.70 per cent) , Syndicate Bank (down 1.86 per cent) and Bank of India (down 1.47 per cent) too were trading lower.
The Nifty PSU Bank index was trading 1.16 per cent down at 2616.10.
Benchmark NSE Nifty50 index was down 41.85 points at 12,006.35, while the BSE Sensex was down 114.02 points at 40,688.15.
Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red.