Shares of public-sector banks continue to trade with smart gains in an otherwise lacklustre market on hopes off major upcoming reforms for the sector.
Prime minister Narendra Modi is scheduled to meet PSU bankers on January 3, 2015, wherein plans of banking reforms may be discussed among other things.
The CNX PSU Bank index has gained a per cent at 4,213 even as the NSE Nifty is trading a flat note at 8,175.
Union Bank of India is the major gainer in the banking space, up nearly 5 per cent at Rs. 240.
Allahabad Bank has rallied 3.5 per cent to Rs. 129. Syndicate Bank and Indian Overseas Bank have soared 3 per cent each to Rs. 126 and Rs. 59.25, respectively.
Andhra Bank, Bank of India and Oriental Bank of Commerce have advanced around 2.5 per cent each.
All 12 stocks in the PSU index are trading on a positive note.
Prime minister Narendra Modi is scheduled to meet PSU bankers on January 3, 2015, wherein plans of banking reforms may be discussed among other things.
The CNX PSU Bank index has gained a per cent at 4,213 even as the NSE Nifty is trading a flat note at 8,175.
Union Bank of India is the major gainer in the banking space, up nearly 5 per cent at Rs. 240.
Allahabad Bank has rallied 3.5 per cent to Rs. 129. Syndicate Bank and Indian Overseas Bank have soared 3 per cent each to Rs. 126 and Rs. 59.25, respectively.
Andhra Bank, Bank of India and Oriental Bank of Commerce have advanced around 2.5 per cent each.
All 12 stocks in the PSU index are trading on a positive note.
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