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Allahabad Bank Dips 2%, PSU Bank Shares Slips

In Thursday morning session, shares of various PSU banks were trading in red with losses; were shares of Allahabad Bank were down by 1.84 per cent, Indian Bank down by 1.59 per cent, Oriental Bank of Commerce down by 1.84 per cent and Jammu & Kashmir Bank Ltd. down by 1.15 per cent. These were the significant losers in the index.
Also, Union Bank of India was down by 0.52 per cent, Syndicate Bank down by 0.72 per cent, Bank of India down by 0.68 per cent and Canara Bank down by 0.27 per cent. These shares were also trading with losses.
Benchmark BSE Sensex was up 130.46 points at 39,722.54 while NSE Nifty50 index was up 35.40 points at 11,882.95.
Read EquityPandit’s Nifty PSU Bank Outlook for the Week
However, shares of Vodafone Idea, Dish TV India, YES Bank, Motherson Sumi, Bank of Baroda, SBI, Indiabulls RE, Ashok Leyland, PNB and SAIL were among the most traded shares on the NSE.

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