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Stock market update: PSU Bank shares gain; PNB climbs 4%

Published March 7, 2019 Total Comments : 0

Shares of PSU banks were trading in the positive zone in Thursday’s afternoon session.

 

Shares of Punjab National Bank (up 4 per cent), Bank of BarodaNSE 3.52 % (up 3.26 per cent), Vijaya Bank (up 2.88 per cent) and Union Bank of India (up 2.59 per cent) were the top gainers in the index.

 

Oriental Bank of Commerce (up 2.49 per cent) , Bank of India (up 2.17 per cent) , Syndicate Bank (up 1.36 per cent) and Canara Bank (up 1.27 per cent) too were trading higher.

 

The Nifty PSU Bank index was trading 1.26 per cent up at 2947.80 around 11:57 am.

 

Benchmark NSE Nifty50 index was down 3.35 points at 11,049.65 while the BSE Sensex was up 37.86 points at 36,673.96.

 

Among the 50 stocks in the Nifty index, 19 were trading in the green, while 30 were in the red.

Shares of NHPC, Tata Motors, ONGC, YES Bank, Ashok Leyland, Bank of Baroda, SAIL, SBI, Indian Oil Corp, ICICI Bank and BEL were among the most traded shares on the NSE