Share market update: PSU bank stocks incur losses; PNB cracks over 2%
NEW DELHI: Most PSU bank stocks were incurring losses during Thursday's trade.
The Nifty PSU Bank index was trading 1.26 per cent down at 2,935 around 10:50 am with all components in the red.
Indian Bank (down 3.23 per cent), Punjab National Bank (down 2.44 per cent) and Union Bank of India (down 2.13 per cent) were the top losers in the PSU bank index.
Shares of Bank of Baroda, Allahabad Bank, IDBI Bank, Bank of India, Canara Bank, Andhra Bank and Oriental Bank of Commerce declined up to 2 per cent.
State Bank of India and Syndicate Bank fell nearly 1 per cent.
Market sentiment was cautious amid mixed global cues. FMCG, pharma, oil & gas and telecom stocks were experiencing the heat of selling.
Benchmark NSE Nifty50 index was down 5 points at 10,767, while the BSE Sensex was 8 points down at 35,539.
Among the 50 stocks in the Nifty index, 18 were trading in the green, while 31 were in the red.
Bharti Infratel, Power Grid, GAIL and HPCL were among the top losers in the Nifty index.
The Nifty PSU Bank index was trading 1.26 per cent down at 2,935 around 10:50 am with all components in the red.
Indian Bank (down 3.23 per cent), Punjab National Bank (down 2.44 per cent) and Union Bank of India (down 2.13 per cent) were the top losers in the PSU bank index.
Shares of Bank of Baroda, Allahabad Bank, IDBI Bank, Bank of India, Canara Bank, Andhra Bank and Oriental Bank of Commerce declined up to 2 per cent.
State Bank of India and Syndicate Bank fell nearly 1 per cent.
Market sentiment was cautious amid mixed global cues. FMCG, pharma, oil & gas and telecom stocks were experiencing the heat of selling.
Benchmark NSE Nifty50 index was down 5 points at 10,767, while the BSE Sensex was 8 points down at 35,539.
Among the 50 stocks in the Nifty index, 18 were trading in the green, while 31 were in the red.
Bharti Infratel, Power Grid, GAIL and HPCL were among the top losers in the Nifty index.