NEW DELHI: Shares of PSU banks were trading in the positive zone in Tuesday's morning session.

Shares of Allahabad Bank (up 1.61 per cent), Punjab National Bank (up 1.29 per cent), State Bank of India (up 1.28 per cent) and Union Bank of India (up 1.07 per cent) were trading in the green.

Syndicate Bank (up 1.02 per cent), Canara Bank (up 0.62 per cent), Oriental Bank of Commerce (up 0.58 per cent) and Bank of India (up 0.24 per cent) too were trading higher.

The Nifty PSU Bank index was trading 0.55 per cent up at 3114.30 around 10:48 am. Benchmark NSE Nifty50 index was up 28.95 points at 11,617.30 while the BSE Sensex was up 94.08 points at 38,990.79.

Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.

Shares of YES Bank, Dish TV India, Ashok Leyland, Tata Motors, Vodafone Idea, Indiabulls Housing Finance, Bank of Baroda, SAIL, PNB and Federal Bank were among the most traded shares on the NSE.