PSBs in focus; Nifty PSU Bank index up 2%

J&K Bank, Allahabad Bank, Bank of India, Andhra Bank and IDBI Bank were up more than 3% on NSE.

Shares of public sector banks (PSBs) were in focus with the Nifty PSU Bank gaining over 2% on the National Stock Exchange (NSE).

Jammu & Kashmir Bank, Allahabad Bank, Bank of India, Andhra Bank and IDBI Bank were up more than 3%, while State Bank of India (SBI), Oriental Bank of Commerce, Punjab National Bank, Union Bank of India and Bank of Baroda were up 1%-3% on NSE.

At 02:41 pm; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 1.9% at 3,578 after hitting its high of 3,581 in noon deals. By comparison, Nifty 50,