PSU banks trade firm; Bank of India rallies 30% in 10 days

Bank of India, Oriental Bank of Commerce, Union Bank of India, Canara Bank, BOB, PNB, Indian Bank and SBI were up in the range of 1% to 4% on the NSE.

Shares of public sector undertaking (PSU) banks were trading higher in an otherwise range-bound market with Nifty PSU Bank index gaining nearly 1% on Monday.

Bank of India, Oriental Bank of Commerce, Union Bank of India, Canara Bank, Bank of Baroda (BOB), Punjab National Bank (PNB), Indian Bank and State Bank of India (SBI) were up in the range of 1% to 4% on the National Stock Exchange (NSE).

At 01:47 pm; Nifty PSU Bank index, the largest gainer among sectoral indices, was up nearly 1%, as compared to a 0.13% decline in the Nifty 50 index. Nifty Bank