Mid-Market Stock: PSU Bank Bullish, OBC up 4-pc

Banking-Stocks today

Key benchmark indices keep on to rise in the mid session driven by a strong rally in PSU Bank stocks. Meantime, the Nifty rose at 12050-level, and Sensex Scaled up at 40903-levels.

The Nifty PSU Bank index was trading higher by 2.24% at 2,526.55 at around 11.55-hrs. Shares of Oriental Bank of Commerce (OBC) demonstrated a surge by 4.10%, Union Bank of India added 3.32%, Central Bank of India went up 3%, Punjab national bank gained 2.71%, and Syndicate bank & Bank of Baroda rose 2.40% each, as the top out-performers.

In addition, Jammu&Kashmir Bank, State Bank of India, Canara Bank, and Allahabad Bank have also recorded their gains in between 1 to 2.5% in range.To Avail best Bank Nifty future Tips and the top Nifty Option tips visit our website.

In the 50-scrip of the Nifty, 34 shares witness buying force, while the rest 16 stocks see some selling pressure.

The popular banking index, the Nifty Bank also traded smartly beyond the 31,919.00 level driven by  Axis bank, Yes Bank, and IndusInd Bank which jumped by over 2-percent.

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