PSBs in focus; Andhra Bank, Syndicate Bank, PNB up 5%

At 12:27 PM; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 3.5% as compared to 0.72% rise in Nifty Bank and 0.48% gain in Nifty Private Bank index.

Shares of public sector banks (PSBs) were in focus with Andhra Bank, Syndicate Bank and Punjab National Bank (PNB) rallying over 5% each on the National Stock Exchange (NSE) amid reports that the government may announce capital infusion plan for the state-run banks.

State Bank of India (SBI), Bank of Baroda, Bank of India, Central Bank of India, Oriental Bank of Commerce, IDBI Bank and Union Bank of India were up in the range of 3% to 4%.

At 12:27 PM; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 3.5% at 3,086, as compared