NEW DELHI: The Nifty PSU Bank index was trading 0.96 per cent down at 2,804 around 10:30 am (IST) on Thursday, with all components in the red.

Shares of Indian Bank (down 4.72 per cent), IDBI Bank (down 3.03 per cent), Syndicate Bank (down 2.62 per cent), Canara Bank (down 2.18 per cent) and Andhra Bank (down 2.04 per cent) cracked up to 4 per cent in the PSU bank index.

Shares of Bank of Baroda (down 1.73 per cent), Bank of India (down 1.48 per cent), Union Bank of India (down 1.25 per cent), Oriental Bank of Commerce (down 0.80 per cent), Punjab National Bank (down 0.79 per cent), Allahabad Bank (down 0.76 per cent) and State Bank of India (down 0.51 per cent) were also in the negative terrain.

Equity benchmarks erased most of the gains of opening session on selling in bank, pharma and metal stocks.

The NSE Nifty50 index was flat at 10,154, while the BSE Sensex was up 37 points at 33,070.

Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red.

YES Bank, Hindalco and Bharat Petroleum Corporation were the top drags on the Nifty50 index.

However, HDFC, ICICI Bank, HCL Technologies and Infosys were trading with gains in the Nifty pack of stocks.