PSU Bank index in the Nifty extends falls; PNB falls near 4-pc


Going through the markets at Mid-session, the Nifty PSU Bank index continued its losses for the second straight session. At near 13:00-hrs, the index fell 51 points at 2,159.70 led by Jammu & Kashmir Bank, PNB, Bank of Baroda, Indian Bank and Canara Bank.

Shares of Jammu & Kashmir Bank slipped 4.43-pc, PNB down 3.51 percent Bank of Baroda fell 3.12 percent, followed by Indian bank, Canara bank and Bank of India also down 2 percent each.

Union bank  stock slipped by 1%, SBI, Central Bank, Indian Overseas Bank, Punjab Sind Bank and Bank of Maharashtra were also in the negative zone.

The broader market were so seen volatile, with the the Nifty Mid-Cap-100 and Small-Cap-100 down 0.61 and 1.10 percent respectively.Visit our website for stock option tips .

Meantime, about 140 securities that touched their one-year-lows (52-Week) on the NSE include the Banking name such as Allahabad bank, Bank of Baroda, IndusInd bank and Punjab National Bank (PNB)

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