Share market update: PSU bank shares gain; Central Bank up 1%

NEW DELHI: Shares of PSU banks were trading in the positive zone in Thursday's morning session.

Shares of Central Bank of India (up 1.19 per cent) , Oriental Bank of Commerce (up 0.98 per cent) , Bank of India (up 0.82 per cent) and State Bank of India (up 0.78 per cent) were trading higher.

Indian Bank (up 0.73 per cent) , Punjab National Bank (up 0.35 per cent) , Canara Bank (up 0.17 per cent) and Union Bank of India (up 0.10 per cent) too were trading with gains.

The Nifty PSU Bank index was trading 0.21 per cent up at 2156.80 around 10:48 am.

Benchmark NSE Nifty50 index was up 14.35 points at 11,478.35 while the BSE Sensex was up 96.84 points at 38,695.83.

Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.

Shares of Vodafone Idea, YES Bank, Indiabulls Housing Finance, Ashok Leyland, Tata Motors, Federal Bank, SAIL, PNB, ZEEL and Motherson Sumi were among the most traded securities on the NSE.