Stock market update: PSU bank stocks mixed; PNB up, but SBI slips nearly 1%

PSU bank stocks were trading mixed during the first half of Tuesday's trading session. 

Shares of Allahabad Bank (up 1.68 per cent), Union Bank of India (up 1.38 per cent), Indian Bank (up 0.62 per cent), Punjab National Bank (up 0.56 per cent), Oriental Bank of Commerce (up 0.50 per cent) and Bank of India (up 0.26 per cent) were the gainers in the Nifty PSU Bank index. 

On the other hand, State Bank of IndiaNSE -1.14 % (down 0.81 per cent), Canara Bank (down 0.34 per cent), Andhra Bank (down 0.29 per cent), Syndicate Bank (down 0.21 per cent), Bank of BarodaNSE -1.27 % (down 0.19 per cent) and IDBI Bank (down 0.17 per cent) were the losers in the index. 

The Nifty PSU Bank index was trading 0.45 per cent down at 3,008 around 10:30 am. 

Equity #markets were in the negative territory, tracking weakness in global stocks as the trade conflict between the US and China intensified. 

The NSE Nifty50 index was down 56 points at 10,744, while the BSE Sensex was 163 points down at 35,385.

Best services for customers with full technical support make your Financial Trading more easy click here to subscribe us for free >> Nifty Market Tips