INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencyNEW DELHI: PSU bank stocks were suffering fall during Wednesday's trade, keeping the sectoral
index in the red.
The Nifty PSU Bank index was trading 1.93 per cent down at 2,808 around 11:25 am (IST) with all components in the red
Indian Bank (down 3.03 per cent) was the top drag on the PSU bank index
It was followed by Union Bank of India (down 2.73 per cent), Bank of Baroda (down 2.48 per cent), Oriental Bank of Commerce (down 2.24 per
cent) and Allahabad Bank (down 2.24 per cent)
Punjab National Bank (down 1.99 per cent), Bank of India (down 1.97 per cent), Andhra Bank (down 1.89 per cent), State Bank of India (down
1.89 per cent), Syndicate Bank (down 1.81 per cent), Canara Bank (down 1.69 per cent) and IDBI Bank (down 1.44 per cent) fell up to 2 per
cent.
Equity benchmarks were flat on selling in bank, metal and IT stocks amid weak Asian cues
The NSE Nifty50 index was down 11 points at 10,728, while the BSE Sensex was up 4 points at 35,164.
Among the 50 stocks in the Nifty index,
20 were trading in the green, while 30 were in the red
Kotak Mahindra Bank (up 5.01 per cent), Zee Entertainment Enterprises (up 2.48 per cent), Bajaj Auto (up 2.31 per cent), Cipla (up 1.76 per
cent) and Reliance Industries (up 1.44 per cent) were among the top gainers in the Nifty index.
On the other hand, HCL Technologies (down
3.92 per cent), Vedanta (down 3.10 per cent), Hindalco Industries (down 2.65 per cent), ICICI Bank (down 2.23 per cent) and State Bank of
India (down 1.83 per cent) were among the top losers in the Nifty pack.
