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The Nifty PSU Bank index extended losses today and fell over 3% on continued profit booking after these shares surged sharply on Wednesday on the announcement of government's Rs 2.11 trillion recapitalization plan for public sector banks.
Shares of State Bank of India, IDBI Bank, Allahabad Bank, Bank of Baroda, Canara Bank and Punjab National Bank were down 1.7-6.6%.
IDBI Bank Ltd is currently trading at Rs 63.1, down by Rs 4.65 or 6.86% from its previous closing of Rs 67.75 on the BSE. The scrip opened at Rs 68 and has touched a high and low of Rs 68 and Rs 62.6 respectively.
State Bank of India is currently trading at Rs 315.45, down by Rs 5.2 or 1.62% from its previous closing of Rs 320.65 on the BSE. The scrip opened at Rs 320 and has touched a high and low of Rs 323.4 and Rs 313.35 respectively.
Allahabad Bank is currently trading at Rs 80, down by Rs 4.4 or 5.21% from its previous closing of Rs 84.4 on the BSE. The scrip opened at Rs 84.5 and has touched a high and low of Rs 84.5 and Rs 79.45 respectively.
Bank of Baroda is currently trading at Rs 177.1, down by Rs 8.25 or 4.45% from its previous closing of Rs 185.35 on the BSE. The scrip opened at Rs 185 and has touched a high and low of Rs 188.5 and Rs 175.7 respectively.
Canara Bank is currently trading at Rs 414, down by Rs 9.4 or 2.22% from its previous closing of Rs 423.4 on the BSE. The scrip opened at Rs 423.5 and has touched a high and low of Rs 433.4 and Rs 411 respectively.
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