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PSU bank stocks: Stock market update: Nifty PSU Bank index climbs nearly 2%; Indian Overseas Bank surges 10%

Bank of India (up 7.28 per cent), Punjab & Sind Bank (up 4.82 per cent) and
Central Bank of India (up 4.8 per cent) were among the top gainers.
The Nifty PSU Bank index was trading 1.63 per cent up at 2379.15 around 02:00PM.
Benchmark NSE Nifty50 index was up 27.65 points at 14965.75, while the BSE Sensex was up 69.23 points at 50474.55.
Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red.
Shares of Vodafone Idea, PNB, ONGC, GAIL and YES Bank were among the most traded shares on the NSE.
Shares of DCM Shriram , Elgi Equipments, Grindwell Norton, Blue Dart Express and Adani Power hit their fresh 52-week high in today s trade, while B C Power Controls Ltd., Kavveri Telecom Products Ltd. and Marine Electricals (India) Ltd. hit fresh 52-week low in trade. ....

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PSU bank stocks: Stock market update: Nifty PSU Bank index up nearly 2%; Indian Overseas Bank soars 10%

Shares of
Bank of Maharashtra (up 9.81 per cent), Punjab & Sind Bank (up 4.87 per cent),
Bank of Baroda (up 1.81 per cent) were among the top gainers.
While
Bank of India (down 0.46 per cent) was the sole loser in the index.
The Nifty PSU Bank index was trading 1.5 per cent up at 2499.8 around 01:39PM.
Benchmark NSE Nifty50 index was up 158.20 points at 15140.2, while the BSE Sensex was up 449.28 points at 51230.97.
Among the 50 stocks in the Nifty index, 35 were trading in the green, while 15 were in the red.
Shares of BHEL, Vodafone Idea, PNB, Tata Power and Coal India Ltd were among the most traded shares on the NSE. ....

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PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high

The S&P BSE Smallcap index hit a fresh 52-week high of 20,064 points, up 1 per cent on the BSE in the intra-day trade on Thursday, on the back of continued upward movement in public sector undertaking (PSU) banks. The smallcap index is 133 points away from its all-time high level of 20,183 points touched on January 15, 2018.
Indian Overseas Bank and Central Bank of India rallied 20 per cent each while Bank of Maharashtra was up 10 per cent on the BSE today. In the past one week, these banks have surged between 64 per cent and 67 per cent on report that the government has shortlisted these mid-sized state-run banks, along with Bank of India, for privatisation. ....

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