5 public sector banks hit 52-week high

Andhra Bank, Canara Bank, Indian Bank, Oriental Bank and Vijaya Bank hit 52-week highs.

Shares of five public sector banks (PSBs), Andhra Bank, Canara Bank, Indian Bank, Oriental Bank of Commerce and Vijaya Bank hit their respective 52-week highs on the National Stock Exchange (NSE) in an otherwise weak market.

Punjab National Bank (PNB), Punjab & Sindh Bank, Union Bank of India, Corporation Bank, Bank of Maharashtra and Syndicate Bank gained anywhere between 3% and 5%, and were trading close to their 52-week highs.

At 11:43 am; the Nifty PSU Bank index, the second largest gainer after Nifty Metal Index, was up 1.2% as compared to 0.53% decline in the Nifty 50