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Share market Watch: PSU Bank shares in the green

Sensex and Nifty trade lower on Tuesday. During mid-morning session, Nifty PSU Bank Index was trading 2.08% up at 3,333.35.

Oriental bank (up 6.72%), Union Bank (up 5.23%), Syndicate bank (up 4.87%) and Allahabad bank (up 3.59%) were the top performers in the index. 

Bank of India, Canara bank, Bank of Baroda, PNB and Jammu& Kashmir Bank too were trading up by 1 to 3% in range.

Benchmark NSE Nifty50 index was down 43.34 points at 12,045 while the BSE Sensex was down 119 points at 40,147-levels at around 11.00am  

Among the fifty stocks in the Nifty index, 18 stocks were trading in the green, while 42 were in the red. 

Shares of PNB, YES Bank, Vodafone Idea, Bank of Baroda, SAIL, IDBI Bank, Ashok Leyland, were among the most traded shares on the NSE.