Share market update: PSU bank shares jump; OBC climbs 3%

NEW DELHI: Shares of PSU banks were trading with gains in Wednesday's morning session.

Shares of Oriental Bank of Commerce (up 3.53 per cent) , Jammu & Kashmir Bank Ltd. (up 3.01 per cent) , Canara Bank (up 2.40 per cent) and Union Bank of India (up 2.36 per cent) were the top performers in the index.

Indian Bank (up 2.28 per cent) , Bank of Baroda (up 1.93 per cent) , Syndicate Bank (up 1.60 per cent) , Central Bank of India (up 1.19 per cent) and Bank of India (up 0.98 per cent) too were trading higher.


The Nifty PSU Bank index was trading 1.49 per cent up at 2609.20 around 10:46 am.

Benchmark NSE Nifty50 index was up 17.85 points at 12,012.05, while the BSE Sensex was up 57.2 points at 40,732.65.

Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red.

Shares of Vodafone Idea, YES Bank, Tata Motors, Bharti Infratel, PNB, ICICI Bank, ZEEL, SAIL and Bank of Baroda were among the most traded shares on the NSE.