INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most PSU bank stocks were trading with gains during early trade on Tuesday
The Nifty PSU Bank index was trading 1.20 per cent up at 2,897 around 10:20 am.
Punjab National Bank (up 1.90 per cent), Andhra Bank (up
1.81 per cent), Indian Bank (up 1.37 per cent), State Bank of India (up 1.22 per cent) and Bank of India (up 1.06 per cent) were the top
gainers in the Nifty PSU Bank index
Shares of IDBI Bank (up 0.95 per cent), Union Bank of India (up 0.91 per cent), Syndicate Bank (up 0.59 per cent), Bank of Baroda (up 0.53
per cent), Oriental Bank of Commerce (up 0.18 per cent) and Canara Bank (up 0.08 per cent) were also in the green
However, Allahabad Bank (down 3.06 per cent) remained immune to the market rally and cracked over 3 per cent
The government has asked the board of Allahabad Bank to take away all executive powers of managing director Usha Ananthasubramanian, after
the Central Bureau of Investigation (CBI) named her in the $2-billion Punjab National Bank scam.
Equity markets registered a positive
opening on Tuesday as vote count for the Karnataka elections showed BJP leading.
Benchmark NSE Nifty50 index was up 113 points at 10,920,
while the BSE Sensex was up 390 points at 35,947.
Among the 50 stocks in Nifty index, 41 were trading in the green, while 9 were in the
