Reuters Market Eye - Mid-cap state-run banks gain as investors unwind short positions.
Traders cite better-than-expected GDP data.
RBI Chief Rajan's comments noting bad loan are not "scary" also cited as a reason.
Below is a list of mid-cap banks witnessing short covering.
* Sept futures Open Interest Change (shares)
Canara Bank -124,000
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Federal Bank -48,000
Indian Overseas Bank -392,000
Oriental Bank Of Commerce -88,000
Syndicate Bank -220,000
Andhra Bank -236,000
Allahabad Bank -156,000
Bank of India -49,000
United Commercial Bank -56,000
(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)
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