All PSU banks in red as RBI identifies large stressed loan accounts

The NSE Nifty PSU Bank was trading 0.68 per cent down at 3,524.4, after the Reserve Bank of India on Thursday announced that it has devised a strategy to deal with large stressed accounts and expects to see some action soon.

Oriental Bank of Commerce (down 3.60) , Syndicate Bank (down 3.40) , Allahabad Bank (down 2.03) , IDBI Bank Ltd. (down 1.33) and Union Bank of India (down 1.22) were among top losers in the index

Benchmark NSE Nifty50 index closed 16.65 points down at 9,647.25.

Among the 51 stocks in Nifty index, 21 were trading in green, while 29 were in red.

Shares of ICICI Bank, DLF, Ashok Leyland, JSW Steel and Tata Steel were among most traded securities on the National Stock Exchange.

BSE Sensex closed 57.92 points down at 31,213.36.

Shares of Bhansali Engg, Shankara Building Products Ltd., APL Apollo Tube, Talbros Auto and Man Industries hit their fresh 52 week high in today’s trade, while Shekhawati Poly, DQ Entertainment, High Ground Ent, Signet Ind, Shilpi Cable Tec hit their fresh 52 week low in trade.