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Market Now: SBI, IDBI Bank, PNB boost Nifty PSU Bank index

NEW DELHI: Gains in shares of State Bank of India (up 1.26 per cent), IDBI Bank (up 0.76 per cent), Punjab National Bank (up 0.64 per cent), Canara Bank (up 0.45 per cent) and Bank of Baroda (up 0.15 per cent) boosted Nifty PSU Bank index in Monday's trade.

The Nifty PSU Bank index was trading 0.93 per cent up at 3,802 around 11:20 am (IST).

However, shares of Bank of India (down 0.65 per cent), Union Bank of India (down 0.29 per cent) and Andhra Bank (down 0.16 per cent) were trading in the red around that time.

Benchmark NSE Nifty50 index was 36 points up at 10,302, while the BSE Sensex was 131 points up at 33,381.

Among the 50 stocks in the Nifty50 index, 32 were trading in the green, while 18 were in the red.

Shares of ITC, Steel Authority of India (SAIL), State Bank of India, Bharti Airtel, Punjab National Bank, Ashok Leyland, Axis Bank, DLF, NHPC, Vedanta, Bank of Baroda and Idea Cellular were among the most traded stocks on the National Stock Exchange.

Mahindra & Mahindra, Aurobindo Pharma, Eicher Motors, Wipro, Lupin and ITC were among the top gainers in the Nifty50 index.

However, Adani Ports SEZ, Hindalco, Indiabulls Housing Finance, Vedanta, NTPC and Cipla were among the losers.

Original Article

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