Share market update: PSU Bank shares dip; Syndicate Bank down 2%

Source: economictimes.indiatimes.com

NEW DELHI: Shares of PSU banks were trading with losses in Wednesday’s morning session. 

Shares of Syndicate Bank (down 2.15 per cent), Allahabad BankNSE 3.47 % (down 0.85 per cent), Bank of BarodaNSE 3.11 % (down 0.46 per cent) and Punjab National Bank (down 0.25 per cent) were the top losers in the index.

State Bank of India (down 0.19 per cent), Union Bank of India (down 0.18 per cent), Canara Bank (down 0.16 per cent) and Indian Bank (down 0.10 per cent) too were trading lower. 

The Nifty PSU Bank index was trading 0.31 per cent down at 3190.70 around 09:57 am. 

Benchmark NSE Nifty50 index was down 0.20 points at 11,910.10 while the BSE Sensex was up 9.02 points at 39,825.50. 

Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red. 

Shares of YES Bank, Adani Power, Vodafone Idea, Ashok Leyland, Indiabulls Housing Finance, ITC, Bharti Airtel, PNB, SAIL and Dish TV India were among the most traded shares on the NSE.