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Market Now: PSU bank stocks incur losses; BoB, PNB slip 2%

ETMarkets.com|
Jan 02, 2018, 01.29 PM IST
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NEW DELHI: PSU bank stocks, including Bank of Baroda (down 2.17 per cent), Punjab National Bank (down 1.68 per cent), Allahabad Bank (down 1.63 per cent), Bank of India (down 1.56 per cent) and Union Bank of India (down 1.52 per cent) cracked up to 2 per cent in afternoon trade on Tuesday.

The Nifty PSU Bank index was trading 1.23 per cent down at 3,633 around 01:15 pm (IST) with all components in the red.

Shares of Canara Bank (down 1.50 per cent), Syndicate Bank (down 1.44 per cent), Andhra Bank (down 1.11 per cent), State Bank of India (down 1.04 per cent), Oriental Bank of Commerce (down 1.03 per cent) and IDBI Bank (down 0.66 per cent) declined up to 1.50 per cent.

Benchmark NSE Nifty50 index was trading flat at 10,436, while the BSE Sensex was 15 points down at 33,798.

Among the 50 stocks in the Nifty50 index, 21 were trading in the green, while 29 were in the red.

Shares of Ashok Leyland, Tata Power, Bharat Heavy Electricals (BHEL), NMDC, Tata Motors and State Bank of India were among the most traded stocks on the National Stock Exchange.

In the Nifty index, Tata Motors, Bharti Infratel, Oil and Natural Gas Corporation, Tech Mahindra, UPL, Mahindra & Mahindra were among the top gainers.

However, Eicher Motors, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indiabulls Housing Finance, Aurobindo Pharma and Maruti Suzuki India were among the top losers.
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