Nifty PSU Bank index gains for sixth straight session; PNB, BOI up 3%

In past six trading days, Nifty PSU Bank index up 7% against 3% rise in the benchmark index.

Shares of public sector undertaking (PSU) banks were trading higher for the sixth straight trading session after Shaktikanta Das was named as the 25th governor of the Reserve Bank of India (RBI) last week.

Oriental Bank of Commerce, Bank of India, Union Bank of India, Syndicate Bank, UCO Bank, Central Bank of India, Canara Bank, Indian Bank and Allahabad Bank were up in the range of 2% to 4% in an otherwise weak market.

At 11:17 am; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 0.85% at 3,008 points, as compared to a 0.57% decline