NEW DELHI: Shares of PSU banks were trading in the negative zone in Thursday's morning session. Shares of Indian Bank (down 1.31 per cent), Canara Bank (down 0.98 per cent), Punjab National Bank (down 0.96 per cent) and Syndicate Bank (down 0.96 per cent) were the top losers in the index.

Bank of Baroda (down 0.96 per cent), Oriental Bank of Commerce (down 0.81 per cent), Union Bank of India (down 0.80 per cent) and Bank of India (down 0.75 per cent) too were trading lower.

The Nifty PSU Bank index was trading 0.84 per cent down at 3250.25 around 10:01 am.

Benchmark NSE Nifty50 index was down 1.05 points at 11,583.25 while the BSE Sensex was down 4.06 points at 38,581.29.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Shares of Vodafone Idea, Tata Motors, Ashok Leyland, DLF, Indian Oil Corp, YES Bank, Bharti Airtel, SAIL, Wipro, Vedanta, SBI and Bank of Baroda were among the most traded shares on the NSE.