Share market update: PSU Bank shares gain; BoB rises over 2%

NEW DELHI: Shares of PSU banks were trading with gains in Thursday's morning session.

Shares of Allahabad Bank (up 3.06 per cent), Bank of India (up 2.49 per cent), Bank of Baroda (up 2.11 per cent) and Punjab National Bank (up 1.91 per cent) were the top gainers in the index.

Syndicate Bank (up 1.75 per cent), Union Bank of India (up 1.73 per cent), Central Bank of India (up 1.69 per cent) and Oriental Bank of Commerce (up 1.66 per cent) too were trading higher.

The Nifty PSU Bank index was trading 1.56 per cent up at 3306.60 around 10:01 am.

Benchmark NSE Nifty50 index was up 38.85 points at 11,955.60 while the BSE Sensex was up 124.66 points at 39,963.91.

Among the 50 stocks in the Nifty index, 30 were trading in the green, while 19 were in the red.

Shares of YES Bank, Vodafone Idea, Bank of Baroda, Indiabulls Housing Finance, Dish TV India, Adani Power, IDFC, Adani Enterprises, PNB and Bank of India were among the most traded shares on the NSE.