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Benchmark indices rose
on Tuesday as PSU Banks such as SBI, Bank of Baroda gained on report that six
banks, including PNB, may get capital infusion of Rs 80 billion but weakness in
consumer stocks including Hindustan Unilever capped gainAround six
public sector banks (PSBs), including the PNB that has been hit by the Nirav
Modi scam, might get a capital infusion of about Rs 80 billion from the
government, The Economic Times on Tuesday reported, while citing an unnamed
senior finance ministry official.The S&P BSE Sensex ended at
36,520, up 196 points while the broader Nifty50 index settled at 11,008, up 71
points.Among sectoral indices, Nifty PSU Bank index rose over 3.5%
with Union Bank of India, Allahabad Bank, Bank of Baroda, PNB gaining in the
range of 6 per cent - 8.5 per cent.Shares of oil companies and airlines
also jumped, with the Nifty Energy index rising as much as 1.6 per
cent on lower oil priceS. Oil prices extended losses on Tuesday
after a more than 4 per cent slide to hit
TOP GAINERS:IDFC,FEDRAL BANK,RELIANCE
CAPITAL
MAJORLOOSERS: DISH TV,WOCKHARD,P C JEWELLLERS
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