NEW DELHI: PSU bank stocks State Bank of India (down 0.42 per cent), Indian Bank (down 0.39 per cent), Bank of India (down 0.23 per cent) and IDBI Bank (down 0.10 per cent) were incurring mild losses during Thursday's trade, keeping the sectoral index slightly under pressure.
The Nifty PSU Bank index was trading 0.13 per cent down at 2,806 around 10:25 am.
However, shares of Allahabad Bank (up 1.82 per cent), Punjab National Bank (up 1.43 per cent), Union Bank of India (up 1.35 per cent) and Canara Bank (up 1.17 per cent) were trading with gains.Shares of Andhra Bank (up 0.94 per cent), Oriental Bank of Commerce (up 0.54 per cent), Syndicate Bank (up 0.49 per cent) and Bank of Baroda (up 0.26 per cent) were also in the green.Weak global cues, falling rupee and surging global crude oil prices were keeping equity markets subdued.Benchmark NSE Nifty50 index was down 17 points at 10,655, while the BSE Sensex was up 5 points at 35,222.Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.
Tech Mahindra, Titan, GAIL and HPCL were among the top losers in the Nifty index.