HomeNewsBusinessMarketsD-Street Buzz: PSU bank index tanks 5% dragged by BoB; HUL, Jubilant Food up 3% as FMCG outperforms

D-Street Buzz: PSU bank index tanks 5% dragged by BoB; HUL, Jubilant Food up 3% as FMCG outperforms

The breadth of the market favoured declines, with 593 stocks advancing, 1131 declining and 341 remaining unchanged. On BSE, 996 stocks advanced, 1564 declined and 165 remained unchanged.

September 18, 2018 / 14:32 IST
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Moneycontrol News

The Indian benchmark indices continues to trade in the red this Tuesday afternoon with the Nifty50 down 16 points and is trading at 11,361 while the Sensex is trading lower by 38 points at 37,547.

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PSU banks are underperforming, with the index down 5 percent dragged by Bank of BarodaAndhra BankCanara BankBank of India, OBC, State Bank of India, Syndicate Bank and Union Bank of India.

FMCG stocks are up led by Dabur IndiaHindustan UnileverGodrej ConsumerMaricoJubilant Foodworks, Britannia Industries and United Breweries.