Mid-cap state-run banks gain on unwinding of short positions

Reuters Market Eye - Mid-cap state-run banks gain as investors unwind short positions.

Traders cite better-than-expected GDP data.

RBI Chief Rajan's comments noting bad loan are not "scary" also cited as a reason.

Below is a list of mid-cap banks witnessing short covering.

* Sept futures Open Interest Change (shares)

Canara Bank -124,000

Federal Bank -48,000

Indian Overseas Bank -392,000

Oriental Bank Of Commerce -88,000

Syndicate Bank -220,000

Andhra Bank -236,000

Allahabad Bank -156,000

Bank of India -49,000

United Commercial Bank -56,000

(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)