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Nifty Climbs Above 18,350, PSU Bank Stocks Advance

Picture Source: Internet

In the morning trade, the benchmark indices traded with modest gains. The Nifty marched above the 18,350 level. 

Also, PSU bank stocks gained for the eighth straight day. The barometer index, the S&P BSE Sensex, was up 307.47 points or 0.50 per cent to 61,818.05. The Nifty 50 index added 95.20 points or 0.52 per cent to 18,362.45.

Recently, Keystone Realtors’ shares were traded at Rs 559.80 on BSE, representing a premium of 3.48 per cent compared with the issue price of Rs 541. The scrip was listed for Rs 555, at a premium of 2.59 per cent compared to the issue price.

The Nifty PSU Bank index hit a high of 1.35 per cent to 4,062.90. The index advanced 8.68 per cent in two trading sessions. Bank of India rose to 4.1 per cent, Union Bank of India up to 1.98 per cent, Central Bank of India up to 1.17 per cent, Indian Bank up to 1.05 per cent, Bank of Baroda up to 0.98 per cent, Canara Bank up to 0.75 per cent, UCO Bank goest up at 2.99 per cent, Punjab & Sind Bank up 2.13 per cent, Bank of Maharashtra up 1.65 per cent and Indian Overseas Bank up 1.08 per cent.

SBI Cards and Payment Services are lower at 0.34 per cent. “Aparna Kuppuswamy, chief risk officer of the company, has tendered her resignation from the company’s services, ” said NBFC.

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