PSU banks in focus; PNB, Oriental Bank, Syndicate Bank up over 5%

SBI, Indian Bank, Canara Bank, IDBI Bank, BOB, Allahabad Bank, BOI and Andhra Bank were up in the range of 2% to 5% on the NSE.

Shares of public sector undertaking (PSU) banks are back into action after last week's robust rally as most of the banks such as Union Bank of India, Oriental Bank of Commerce, Syndicate Bank and Punjab National Bank (PNB) were up more than 5% each.

State Bank of India (SBI), Indian Bank, Canara Bank, IDBI Bank, Bank of Baroda, Allahabad Bank, Bank of India and Andhra Bank were up in the range of 2% to 5% on the National Stock Exchange (NSE).

At 10:11 AM; Nifty PSU Bank index, an index of state-owned banks, was the largest gainer among