Nifty hovers around 10,450, Midcap extends losses; PSU Bank falls 1%

Benchmark indices turned volatile after opening rally, but the broader markets extended losses with the Nifty Midcap falling over half a percent.

Nifty PSU Bank was the biggest loser among sectoral indices, falling over a percent. Bank of Baroda, Union Bank, Bank of India, Allahabad Bank, Syndicate Bank, PNB, Canara Bank and SBI were down 1-2 percent.

The 30-share BSE Sensex was up 5.41 points at 33,818.16 and the 50-share NSE Nifty gained 6.20 points at 10,441.70.

About two shares declined for every share rising on the BSE.

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