INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most PSU bank stocks were trading down during morning trade on Thursday, keeping the sectoral index in the red
The Nifty PSU Bank index was trading 0.26 per cent down at 2,848 around 10:20 am, with Oriental Bank of Commerce (down 2.18 per cent) and
Indian Bank (down 1.53 per cent) as the top losers.
Shares of Union Bank of India (down 0.98 per cent), Bank of India (down 0.58 per cent)
and Bank of Baroda (down 0.38 per cent) were up next among the losers.
Shares of Andhra Bank (down 0.27 per cent), Punjab National Bank
(down 0.16 per cent), Canara Bank (down 0.14 per cent), State Bank of India (down 0.12 per cent) and Syndicate Bank (down 0.09 per cent)
were lacklustre.
IDBI Bank (up 0.29 per cent) was the only component in the index that was in the green around that time.
Equity markets
were up, tracking positive global cues
However, selling in select oil, pharma, metal and FMCG stocks cooled off markets a bit.
The NSE Nifty50 index was up 14 points at 10,756,
while the BSE Sensex was up 69 points at 35,388.
Among the 50 stocks in Nifty index, 24 were trading in the green, while 26 were in the
red.
Tech Mahindra and Bharti Airtel were among the top gainers in the Nifty index.
Power Grid Corporation and HPCL were among the top
losers in the Nifty pack.
