Share market update: PSU bank shares advance; OBC surges 16%
The Nifty PSU Bank index was trading 3.39 per cent up at 2577.05 .
Shares of Oriental Bank of Commerce (up 16.13 per cent) , Syndicate Bank (up 14.94 per cent) , Central Bank of India (up 10.26 per cent) and Jammu & Kashmir Bank Ltd. (up 7.42 per cent) were the top performers in the index.
Union Bank of India (up 5.84 per cent) , Indian Bank (up 5.30 per cent) , Bank of India (up 4.56 per cent) and Allahabad Bank (up 3.97 per cent) too were among the top gainers.
The Nifty PSU Bank index was trading 3.39 per cent up at 2577.05 around 02:06 pm .
Benchmark NSE Nifty50 index was up 43.85 points at 11928.35 , while the BSE Sensex was up 156.94 points at 40441.13 .
Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.
Shares of Vodafone Idea, YES Bank, SBI Life Insurance Company, Bharti Airtel, SBI, Bank of Baroda, PNB, ICICI Bank and Glenmark Pharma were among the most traded shares on the NSE.