 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Shares of public sector undertaking (PSU) banks were under pressure with Nifty PSU Bank index down 4% on the National Stock Exchange (NSE) as provisioning of banks may rise to deal with the NPA mess, according to media reports.
Andhra Bank, Punjab National Bank (PNB), Syndicate Bank, Canara Bank and Bank of Baroda were down between 4% and 5%, while State Bank of India (SBI), Union Bank of India, Allahabad Bank, Bank of India and Oriental Bank of Commerce down 3%.
At 2:17 pm; Nifty PSU Bank index, the largest loser among sectoral indices was down 4.1% at
Andhra Bank, Punjab National Bank (PNB), Syndicate Bank, Canara Bank and Bank of Baroda were down between 4% and 5%, while State Bank of India (SBI), Union Bank of India, Allahabad Bank, Bank of India and Oriental Bank of Commerce down 3%.
At 2:17 pm; Nifty PSU Bank index, the largest loser among sectoral indices was down 4.1% at
