INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most PSU bank stocks were incurring losses in the morning session of trade on Thursday, keeping the sectoral index under pressure
The Nifty PSU Bank index was trading 0.63 per cent down at 3,265.3 around 10:35 am, with Oriental Bank of Commerce (down 1.48 per cent),
Union Bank of India (down 1.19 per cent) and Indian Bank (down 1.04 per cent) as the top losers
Shares of IDBI Bank (down 0.74 per cent), State Bank of India (SBI) (down 0.65 per cent), Canara Bank (down 0.64 per cent), Bank of Baroda
(BoB) (down 0.54 per cent), Bank of India (down 0.52 per cent) and Punjab National Bank (PNB) (down 0.36 per cent) too appeared lacklustre
However, Allahabad Bank (up 0.99 per cent), Andhra Bank (up 0.93 per cent) and Syndicate Bank (up 0.25 per cent) were in the green around
that time.
Equity market sentiment was subdued on the last day of August series of futures and options contracts
Rupee's unabated fall too weighed on the risk appetite of investors
Benchmark NSE Nifty50 index was down 20.30 points at 11,671.6, while the BSE Sensex was -36.56 points at 38686.37
Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red
UPL, Bharti Airtel, ITC, Coal India and Tata Steel were among the top gainers, while HPCL, Tech Mahindra, YES Bank, Indian Oil Corporation
and HCL Technologies were among the top losers in the Nifty index.
