PSU banks, financial services drag down Nifty

Punjab National Bank, Oriental Bank of Commerce, Bank Of India and Syndicate Bank all trading in red.

Jan 02, 2017 10:01 IST India Infoline News Service

Nifty PSU Bank is down by 2.28%, while Nifty Financial Services slid by 1.72%.

In the Nifty PSU Bank segment, State Bank of India is down by 2.7% and is the biggest loser of the day's trade so far, closely followed by Bank of Baroda which is down by 2.15%, IDBI Bank which is down by 1.73% and Canara Bank, down by 1.52%.

Punjab National Bank, Oriental Bank of Commerce, Bank Of India and Syndicate Bank all traded in red.

ICICI Bank was down by 2.43%, Axis Bank and Yes Bank too were down by 1.44% and 1.27% respectively.

Among the financial service providers, LIC Housing Finance has been the biggest loser so far, witnessing a decline by 5.4%, HDFC was down by 3.45%, Kotak Mahindra Bank was down by 1.38%, besides others.

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