Indian markets were trading lower as PSU banks and Adani Group stocks were dragging the markets down. Among gainers were PAYTM, Indus Towers, Grasim, Tata Steel, Hindalco and Suzlon Energy.
Punjab National Bank (PNB), one of India’s leading public sector banks, has been upgraded to a "Buy" by Geojit Financial Services with a target price of Rs. 111.