Nifty PSU Bank index recovers 3% from intra-day low

IDBI Bank, Jammu & Kashmir Bank and Canara Bank have recover more than 6% from their respective intra-day lows.

Shares of public sector banks were in focus with the Nifty PSU Bank index recovering more than 3% from its early morning low on the National Stock Exchange (NSE).

At 12:00 PM; Nifty PSU Bank was trading 0.41% higher at 3,507, bouncing back 3.1% from 3,401 levels recorded in intra-day trade today. The index hit high of 3,510 so far.

On comparison, Nifty Private Bank and Nifty Bank index were down 1% each, while the benchmark Nifty 50 index trading 0.81% lower at 10,673.

IDBI Bank, Jammu & Kashmir Bank and Canara Bank have recover more than