Market Now: PSU bank stocks up; PNB, SBI advance 1%
PSU bank stocks IDBI Bank (up 1.89 per cent), Punjab National Bank BSE 0.84 % (up 1.01 per cent), Bank of Baroda (up 0.81 per cent) and State Bank of India BSE 0.82 % (up 0.81 per cent) advanced up to 2 per cent in morning trade on Wednesday.
The Nifty PSU Bank index was trading 0.63 per cent up at 3,726 around 09:50 am (IST).
Shares of Union Bank of IndiaBSE 0.29 % (up 0.55 per cent), Canara Bank BSE 0.49 % (up 0.54 per cent), Andhra Bank BSE 0.38 % (up 0.47 per cent), Bank of India (up 0.43 per cent) and Syndicate Bank BSE 0.27 % (up 0.41 per cent) were also trading with gains.
Oriental Bank of Commerce (down 1.71 per cent) was the only stock in the Nifty PSU Bank index that was in the red around that time.
Benchmark NSE Nifty50 index was 7 points down at 11,042, while the BSE Sensex was 35 points down at 35,998.
Among the 50 stocks in the Nifty50 index, 27 were trading in the green, while 23 were in the red.
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