The euphoria over its impressive Q2 results did not last long for one of the largest PSU banks in India — Punjab National Bank — that lost nearly 4 per cent in the opening trade today.
The scrip was down by Rs 40.40 or 3.99 per cent to trade around Rs 972.25, leading the losers among the Bank Nifty stocks. BoB lost Rs 17.65 to trade around Rs 780.70 and ICICI Bank shed Rs 10.30 to trade around Rs 884.70.
Surprisingly leading the gainers was Union Bank of India that was hammered after its poor Q2 numbers earlier. The stock gained Rs 1.50 to trade around Rs 222.65 and keeping company with it was SBI that was up by Rs 3.10 to quote around Rs 1,904.