Share market update: PSU Bank shares down; Bank of Baroda falls over 2%

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

Shares of Bank of Baroda (down 2.51 per cent), Union Bank of India (down 2.20 per cent), Canara Bank (down 2.14 per cent) and Allahabad Bank (down 1.95 per cent) were the top losers in the index.

Bank of India (down 1.88 per cent), Oriental Bank of Commerce (down 0.83 per cent), Punjab National Bank (down 0.73 per cent) and Syndicate Bank (down 0.63 per cent) too were trading with losses.

The Nifty PSU Bank index was trading 1.14 per cent down at 3141.20 around 10:55 am.

Benchmark NSE Nifty50 index was down 19.35 points at 11,668.15 while the BSE Sensex was down 59.83 points at 39,155.81.

Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of YES Bank, Dish TV India, Vodafone Idea, Adani Power, Wipro, Bank of Baroda, Mindtree, Tata Motors, SBI and PNB were among the most traded shares on the NSE.