PSU banks extend gain; PNB, Corporation Bank up over 4%

At 11:01 am; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 1.7%, rallied 6.5% in past four trading sessions, as compared to 2% rise in Nifty 50

Shares of public sector undertaking (PSU) banks were quoting higher for the fourth straight trading session with Nifty Bank surging 6.5% as compared to 2% rise in the benchmark Nifty 50 index.

State Bank of India (SBI), Punjab National Bank (PNB), Bank of India, Bank of Baroda, Oriental Bank of Commerce, Canara Bank, Corporation Bank, Uco Bank, Dena Bank and Vijaya Bank were up 2% to 6% on the National Stock Exchange (NSE).
 

At 11:01 am; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 1.7% as compared 0.41% rise in the Nifty 50 index.