PSU banks in focus; PNB, Bank of Baroda up 3%

SBI, Syndicate Bank, Bank of India, Oriental Bank, Canara Bank and Allahabad Bank from the Nifty PSU Bank index were up more than 1%

Shares of public sector undertaking (PSU) bank were in focus, recovering by up to 6% from their early morning lows on the National Stock Exchange (NSE).

Punjab National Bank (PNB), Bank of Baroda and Syndicate Bank were up 3% each, while State Bank of India (SBI), Bank of India, Oriental Bank of Commerce, Canara Bank and Allahabad Bank from the Nifty PSU Bank index up in the range of 1% to 2% on the National Stock Exchange (NSE).

At 12:53 PM; Nifty PSU Bank index, the largest gainer among sectoral indices, was up 2% as compared to