Share market update: PSU bank shares fall; Canara Bank dips 2%

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

Shares of Canara Bank (down 2.31 per cent), Syndicate Bank (down 1.96 per cent), Oriental Bank of Commerce (down 1.76 per cent) and Union Bank of India (down 1.64 per cent) were the top losers in the index.

Indian Bank (down 1.55 per cent), State Bank of India (down 1.50 per cent), Punjab National Bank (down 1.35 per cent) and Central Bank of India (down 1.23 per cent) too were trading lower.

The Nifty PSU Bank index was trading 1.24 per cent down at 2551.25 around 10:52 am.

Benchmark NSE Nifty50 index was down 26.85 points at 11,573.35 while the BSE Sensex was down 57.38 points at 39,032.65.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

Shares of Lemon Tree Hotels, Vodafone Idea, YES Bank, Ashok Leyland, ZEEL, Tata Motors, Dish TV India, SBI, Bank of Baroda and NCC were among the most traded securities on the NSE.