PSU banks gain; Bank of India rebounds 15% from day's low

Shares of public sector undertaking (PSU) banks were trading firm in otherwise weak market with Nifty PSU Bank index gaining more than 1 per cent on Tuesday.

Among stocks, Bank of India, Canara Bank, Vijaya Bank, Oriental Bank of Commerce, Allahabad Bank, Bank of Baroda, Indian Bank and Union Bank of India were up 2 per cent to 7 per cent.

At 03:11 pm; Nifty PSU Bank index trading 0.44 per cent higher at 2,910 points, after gaining 2.2 per cent in intra-day trade today. On comparison, the benchmark Nifty 50 index, Nifty Bank and Nifty Private Sector