Share market update: PSU Bank shares down; OBC dips over 1%

NEW DELHI: Shares of PSU banks were trading in the negative zone in Friday's morning session.

Shares of Oriental Bank of Commerce (down 1.56 per cent) , IDBI Bank (down 1.48 per cent) , Union Bank of India (down 1.25 per cent) and Bank of India (down 1.21 per cent) were the top losers in the index.

Indian Bank (down 1.20 per cent) , Canara Bank (down 1.19 per cent) , Punjab National Bank (down 1.17 per cent) and Syndicate Bank (down 0.80 per cent) too were trading lower.


The Nifty PSU Bank index was trading 0.14 per cent up at 2956.20 around 10:28 am.

Benchmark NSE Nifty50 index was down 27.30 points at 11,030.90 while the BSE Sensex was down 42.91 points at 36,682.51.

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

Shares of Wipro, Tata Motors, NTPC, Bank of Baroda, SBI, NHPC, YES Bank, Ashok Leyland, SAIL and Hindalco Industries were among the most traded shares on the NSE.