PSU Banks extend gain; Andhra Bank, Indian Overseas Bank up over 5%

At 11:53 am, the Nifty PSU Bank index, the largest gainer among sectoral indices, was up 2.8 per cent on the NSE

Shares of public sector banks (PSB) continued to trade higher with the Nifty PSU Bank index up nearly 3 per cent on hopes of margin expansion.

Andhra Bank, United Bank of India, Corporation Bank, Indian Overseas Bank, Uco Bank, Bank of Maharashtra and Syndicate Bank were up more than 5 per cent each while Punjab National Bank (PNB), Bank of Baroda (BOB), Union Bank of India, Bank of India and Indian Bank were up in the range of 2 to 3 per cent on the National Stock Exchange (NSE).

At 11:53 am, the Nifty PSU Bank index, the largest gainer