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    Share market update: PSU bank shares fall; Canara Bank dips 2%

    Synopsis

    The Nifty PSU Bank index was trading 0.90 per cent down at 2461.75 around 10:50 am.

    Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.
    NEW DELHI: Shares of PSU banks were trading in the negative zone in Friday's morning session.

    Shares of Syndicate Bank (down 2.05 per cent) , Canara Bank (down 1.88 per cent) , Oriental Bank of Commerce (down 1.40 per cent) and Union Bank of India (down 1.34 per cent) were the top losers in the index.

    Central Bank of India (down 1.21 per cent) , Bank of India (down 1.09 per cent) , Bank of Baroda (down 1.04 per cent) and State Bank of India (down 0.74 per cent) too were trading lower.

    The Nifty PSU Bank index was trading 0.90 per cent down at 2461.75 around 10:50 am.

    Benchmark NSE Nifty50 index was down 51.65 points at 11,960.40 while the BSE Sensex was down 160.51 points at 40,493.23.

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

    Shares of YES Bank, Vodafone Idea, ICICI Bank, DLF, JSPL, Bank of Baroda, SAIL, Tata Motors and BHEL were among the most traded shares on the NSE.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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    1 Comment on this Story

    Niveza Equity Research355 days ago
    Yes Bank stock has been surprisingly up today despite MSCI India Index exclusion. Though there is a momentum rise in the stock, it seems unstable for the medium- and long-term period. The recent affidavit filled by Citizens Whistle blower forum as well as latest downgrade in ratings by Moody’s will also have repercussions on the stock in near future. We, maintain ‘Neutral’ View on the stock till the Moody’s review period.
    Search Google for Niveza FREE Share Market Tips today.
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