Share market update: PSU bank shares fall; OBC slips 4%

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

Shares of Oriental Bank of Commerce (down 3.89 per cent), Allahabad Bank (down 1.88 per cent), Bank of India (down 1.50 per cent) and Union Bank of India (down 1.43 per cent) were trading lower.

Indian Bank (down 1.10 per cent), Canara Bank (down 0.84 per cent), Punjab National Bank (down 0.80 per cent) and Bank of Baroda (down 0.46 per cent) too were trading in the red.


The Nifty PSU Bank index was trading 0.77 per cent down at 2135.20 around 10:41 am.

Benchmark NSE Nifty50 index was up 32.45 points at 11,267 while the BSE Sensex was up 144.77 points at 38,025.17.

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.

Shares of YES Bank, Vodafone Idea, Indiabulls Housing Finance, SBI, Tata Motors, RBL Bank, JSPL, Ashok Leyland, Bank of Baroda and SAIL were among the most traded shares on the NSE.