Saturday, March 15, 2025 | 10:47 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Nifty PSU Bank index up over 3%; Oriental Bank, BOB up over 5%

SBI, IDBI Bank, Andhra Bank, Bank of India, Canara Bank, PNB and Allahabad Bank rally 3%-4% on the NSE

Small ones seek big splash

SI Reporter Mumbai
Banking shares, mainly public sector undertakings (PSU), are in the limelight and moved higher by up to 8% on the National Stock Exchange (NSE) in noon trade after media reports that the government is planning to set up high-level panel to tackle non-performing assets (NPA). CLICK HERE TO READ FULL REPORT.

Oriental Bank of Commerce (up 8% at Rs 156), Bank of Baroda (5% at Rs 179), Union Bank of India (5% at Rs 168) and Syndicate Bank (5% at Rs 94) rallied more than 5% each.

State Bank of India, IDBI Bank, Andhra Bank, Bank of India, Canara Bank, Punjab National Bank and Allahabad Bank were up between 3%-4% on the NSE.

At 02:49 PM, Nifty PSU Bank index, the largest gainer among sectoral indices was up 3.4% as compared to 0.94% rise in the benchmark Nifty 50 index.
 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 27 2015 | 2:52 PM IST

Explore News