Sensex, Nifty end in red, PSU banks rally, Stock trading news for tomorrow

Equity benchmark indices logged small losses in volatile trade on Wednesday amid divergent trend in index pivotals. The BSE Sensex fell 21.04 points at 33,835.74 and the NSE Nifty-50 index fell 16 points at 10,410.90. 

Shares of HDFC, ITC plunged while shares of PSU banks rose up to 14 percent. Shares of oil marketing companies namely Indian Oil Corpn (IOC), HPCL and BPCL tumbled up to 3.3 percent with IOC losing the most. Stocks of PSU bank, IT and private banks closed in the green territory with PSU bankers gaining the top. 

In the Sensex pack, shares of Yes Bank, Maruti Suzuki, Axis Bank, SBI, ICICI Bank and NTPC rose upto 1.85% to 0.35% in range, while shares of Hero MotoCorp, ONGC, Tata Steel, Bharti Airtel, HDFC and Bajaj Auto, were the top laggards falling up to 2 percent. 

The stocks of PSU banks witnessed a relief rally for the second straight day with shares rising up to 14 percent. Bank shares such as IDBI Bank, Andhra Bank, OBC, Union Bank, Allahabad Bank, Syndicate Bank, Indian Bank, Canara Bank, Bank of Baroda, SBI, PNB, Bank of India rose in different extents.

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