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PSU Bank stocks rise; JK Bank Up 7-pc

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Equity markets on Friday trader in a positive territory, with broad-based buying picked up across sectoral stocks.

Shares of PSU Bank lead higher during mid-morning session as part of market strength. The Nifty PSU Bank index was trading higher by 1.27% at 2,244.90 at around 11.25 am. Along with PSU Bank, the other banking indices are also up during the day. 

Shares of Jammu&Kashmir Bank rose by 8.11%, Indian bank up 4.64%, Allahabad bank rose 4.44% and Syndicate Bank added 3.10% as major rising components in the Nifty PSU Bank. Get best stock Tips from the experts.

In addition, Central bank, Oriental Bank of commerce, SBI, Punjab National Bank, Bank of Boroda, Union Bank and Canara bank have recorded gains between 1 to 2% in range.

Meantime, benchmark Sensex touched at 39222.85, up 170 points and the NSE Nifty scaled up by 48 points at 11634-mark at 11.30am.

In the 50-scrip of the Nifty, 31 shares are seen lucrative, while the rest 19 stocks see some selling pressure

Yes Bank and Coal India have contributed about 5% impetus the benchmark Nifty. For Free stock tips  visit our website.