Despite issues, Nifty PSU Bank makes its way up by 1%

Despite the pending issue of the government taking a stance on the consolidation of public sector banks and the country-wide strike of public sector banks on Tuesday, Nifty PSU Bank opened on a positive note along with the benchmark indices on Wednesday. Nifty PSU Bank was trading higher by 1.23% at 3,272 on the NSE at 1003 hours whereas the benchmark index Nifty was trading up by 42.55 points at 9,898 and Sensex was trading higher by 150 points at 31,441.
 
Allahabad Bank was the top gainer in the index, trading up by 3.12% at 66 per share. It attracted total traded volume of 17,09,637 shares and traded value of Rs 1,126.82 lakhs on the NSE. Oriental Bank of Commerce was another top gainer, trading higher by 3.05% at Rs 123 per share. 
 
Among others, Bank of India was trading up by 2.73% at Rs 142 per share, Union Bank was trading higher by 2.68% at Rs 132 per share, Andhra Bank moved up by 2.51% at Rs 51 per share, PNB was trading up by 2.10% at Rs 140 per share, and Syndicate Bank was trading higher by 2.07% at Rs 64 per share. Canara Bank, Bank of Baroda and IDBI are trading up by 1% respectively. SBI was trading higher by 0.86% at Rs 276 per share.