PSBs in focus; Nifty PSU Bank index up over 2%

BOB, BOI, Syndicate Bank, Corporation Bank, Oriental Bank and PNB were up more than 2% each.

Shares of public sector undertakings (PSU) were in focus with the Nifty PSU Bank index gaining more than 2% as media report suggested that the Finance Minister Arun Jaitley has promised to offer a solution to the growing non performing assets (NPA) crisis in next few days.

At 10:01 am; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 2.3% as compared to 0.49% rise in the Nifty 50 index, while Nifty Bank and Nifty Private Bank index were up 1% each.

Bank of Baroda (BOB), Bank of India (BOI), Syndicate Bank, Corporation Bank, Oriental