Nifty PSU Bank index dip over 3%; Canara Bank, Oriental Bank down over 5%

Nifty PSU Bank index was down 3.4%, as compared to 1% decline in each Nifty 50 and Nifty Bank index at 03:15 pm.

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
SI Reporter Mumbai
Last Updated : Nov 02 2016 | 4:30 PM IST
Shares of public sector undertaking (PSU) banks were under pressure with the Nifty PSU Bank index dipped more than 3% on the National Stock Exchange (NSE).

Canara Bank and Oriental Bank of Commerce were down more than 5% each, while Punjab National Bank (PNB), Bank of India, Syndicate Bank, Union Bank of India, IDBI Bank, Bank of Baroda and State Bank of India were down in the range of 3%-4% on NSE.

At 03:15 pm, Nifty PSU Bank index, the largest loser among sectoral indices, down 3.4%, as compared to 1.3% decline in the benchmark Nifty 50 and 1.2% fall in the Nifty Bank index.

A new poll showing Republican candidate Donald Trump leading the US presidential race spooked investors sentiment.

The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating more emails as part of a probe into Clinton's use of a private email system, the Reuters report suggests. CLICK HERE TO READ FULL REPORT.

COMPANY LATEST PREV CLOSE LOSS(%)
ORIENTAL BANK 120.10 127.55 -5.84
CANARA BANK 294.40 311.65 -5.54
PUNJAB NATL.BANK 136.75 143.90 -4.97
BANK OF INDIA 109.20 113.85 -4.08
IDBI BANK 70.10 72.85 -3.77
RBL BANK 381.60 395.80 -3.59
BANK OF BARODA 149.85 155.30 -3.51
KARNATAKA BANK 117.90 122.05 -3.40
SYNDICATE BANK 70.90 73.35 -3.34
UNION BANK (I) 139.50 144.20 -3.26
ANDHRA BANK 54.55 56.30 -3.11
S B T 533.90 550.85 -3.08
ST BK OF INDIA 251.00 258.95 -3.07
INDIAN BANK 220.00 226.85 -3.02
YES BANK 1212.05 1249.45 -2.99
ALLAHABAD BANK 73.40 75.65 -2.97
SOUTH IND.BANK 23.00 23.70 -2.95
CORPORATION BANK 41.00 42.20 -2.84
FEDERAL BANK 79.60 81.90 -2.81
ST BK OF BIKANER 682.30 700.80 -2.64

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First Published: Nov 02 2016 | 3:23 PM IST

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