Share market update: PSU bank shares gain; Indian Bank up 1%

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

Shares of Indian Bank (up 1.22 per cent) , Jammu & Kashmir Bank (up 0.76 per cent) , Allahabad Bank (up 0.76 per cent) and Canara Bank (up 0.68 per cent) were trading with gains.

State Bank of India (up 0.57 per cent) , Bank of India (up 0.55 per cent) , Bank of Baroda (up 0.26 per cent) and Punjab National Bank (up 0.24 per cent) too were trading higher.

The Nifty PSU Bank index was trading 0.37 per cent up at 2390 around 10:47 am.

Benchmark NSE Nifty50 index was up 45.70 points at 10,991.90 while the BSE Sensex was up 158.33 points at 37,140.10.

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

Shares of YES Bank, Tata Motors, Vodafone Idea, Equitas Holdings, JSPL, Ashok Leyland, ICICI Bank, SAIL, NBCC and PNB were among the most traded shares on the NSE.