Share market update: PSU Bank shares gain; Indian Bank climbs 3%

NEW DELHI: Shares of PSU banks were trading in the positive zone in Monday's morning session.

Shares of Indian Bank (up 2.98 per cent), Bank of Baroda (up 1.84 per cent) , Allahabad Bank (up 1.78 per cent) and Bank of India (up 1.29 per cent) were trading with gains.

Union Bank of India (up 1.18 per cent) , Punjab National Bank (up 1.13 per cent) , Syndicate Bank (up 0.94 per cent) and Central Bank of India (up 0.72 per cent) too were trading higher.

The Nifty PSU Bank index was trading 0.90 per cent up at 3324.40 around 10:37 am.

Benchmark NSE Nifty50 index was down 13.75 points at 11,652.20 while the BSE Sensex was down 6.72 points at 38,855.51.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 28 were in the red.

Shares of DLF, Vodafone Idea, SAIL, Bank of Baroda, Indiabulls Housing Finance, YES Bank, Ashok Leyland, Tata Motors, Vedanta , SBI, Tata Steel and NTPC were among the most traded shares on the NSE.