NEW DELHI: Most PSU bank stocks including Oriental Bank of Commerce (up 5.09 per cent), Indian Bank (up 3.05 per cent), Union Bank of India (up 2.75 per cent) were trading in the positive territory during Monday's trade.
The Nifty PSU Bank index was trading 1.2 per cent up at 2,985 around 11 am with all stocks in the green.
Shares of Bank of India (up 2.72 per cent), Punjab National Bank (up 2.70 per cent), Canara Bank (up 2.57 per cent) and Andhra Bank (up 2.49 per cent) advanced over 2 per cent.Shares of Syndicate Bank (up 1.99 per cent), Allahabad Bank (up 1.97 per cent), Bank of Baroda (up 1.49 per cent), State Bank of India (up 0.77 per cent) and IDBI Bank (up 0.46 per cent) were also among the gainers.Market was in the positive territory on easing geopolitical concerns and a sharp correction in global crude prices.An appreciating rupee, better earnings by few companies and easing concerns over US-North Korea summit gave a fillip to investor sentiment.Benchmark NSE Nifty50 index was up 70 points at 10,676, while the BSE Sensex was up 200 points at 35,125.Among the 50 stocks in the Nifty index, 36 were trading in the green, while 14 were in the red.
Sun Pharma, HPCL, BPCL and Indian Oil Corporation were the top gainers in the Nifty index.
On the other hand, Tech Mahindra, HCL Tech, Tata Consultancy Services, Hindalco and Infosys were among the top losers in the Nifty index.