Share market update: PSU bank shares up; IOB surges 9%

NEW DELHI: Shares of PSU banks were trading higher in Thursday's session.

Shares of Indian Overseas Bank (up 9.63 per cent) , J & K Bank (up 4.76 per cent) , Central Bank of India (up 2.01 per cent) , Bank of Maharashtra (up 1.82 per cent) , Punjab & Sind Bank (up 1.76 per cent) , UCO Bank (up 1.08 per cent) , Bank of Baroda (up 0.58 per cent) , State Bank of India (up 0.46 per cent) and Union Bank of India (up 0.46 per cent) were among the top gainers.


The Nifty PSU Bank index was trading 0.3 per cent down at 1492.35 around 02:19PM.

Benchmark NSE Nifty50 index was up 27.70 points at 10333.0, while the BSE Sensex was up 113.27 points at 34982.25.

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.

Shares of Vodafone Idea, BHEL, SBI, ICICI Bank, Bank of Baroda, Tata Motors, RBL Bank Ltd., GAIL and ITC were among the most traded shares on the NSE.