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PSU Banking Stocks Rise – Anil Yadav

PSU Banking Stocks: Shares of PSU banking companies advanced in trade on Monday and the headline index NSE Nifty 50 was higher by 1.08% in trade.

  • The NSE PSU Bank Index was up 1.31% in trade. Nine out of the 12 constituents compiled by the gauge advanced, while two stocks namely, Indian Overseas Bank and UCO Bank declined.
  • Bank of India, Union Bank of India, Punjab and Sind Bank, Bank of Baroda, State Bank of India, Bank of Maharashtra, Canara Bank, Punjab National Bank, Central Bank of India advanced in trade.

Source: NSE

I.T. Stocks Advance 

Shares of information technology companies advanced in trade on Monday and the headline index NSE Nifty 50 was higher by 1.04% in trade.

The NSE IT Bank Index was up 1.53% in trade. All the 10 constituents compiled by the gauge advanced.

Mphasis Ltd., LTIMindtree Ltd., Coforge Ltd., Infosys Ltd., HCL Technologies Ltd., TCS Ltd., Larsen and Toubro Technology Services Ltd., Wipro Ltd., Persistent Systems Ltd., and Tech Mahindra Ltd. advanced in trade.

Source: NSE