Indian stock markets on Monday opened lower and are moving between gains and losses, during the mid-morning session, under constant volatility
However, the majority of public sector banking stocks were trading in the green with the Nifty PSU Bank surging at 2,459.45, up by 0.92%
Shares of Bank of Baroda outperformed today after the company reported strong earnings results. The stock of Bank of Baroda which last closed at Rs93.80, currently (at 11.10-am) trade higher at Rs97.40-per share, up by 3.85%, after the Bank reported a massive increase in net profit for the period.
Shares of Bank-of-India, IndianBank, UnionBank, and Punjab National Bank were also trading in profit in the PSU Bank index, today. Get best stock Future Option Tips from the experts.
On 8 November, last Friday posted a 73.2-pc increase in net profit to Rs737-Cr for the July-Sept period with reference to Rs,425.38-Cr for the corresponding quarter of the previous year.
Banking, realty, and media stocks are witnessing buying pressure in today’s trading session, while Auto, FMCG, IT and Pharma are under some selling pressure.
At 11.25-am, the Sensex traded at 4022.89, down 94 points and the Nifty slipped at 11878-mark, down by 30 points. For Free stocktips visit our website.