Punjab National Bank picked up the momenturm to build gains of 7.88 per cent at Rs 1,077 on the NSE ahead of the close on Friday. The share had ended the previous session at Rs 998.30.

Banking stock were the predominant gainers on both the BSE and NSE today. The market hit a purple patch, scaling new highs ahead of the RBI's policy-setting meet on Tuesday.

Bank of Baroda traded higher to keep gains of 7.36 per cent in late trading. It was quoting at Rs 1,089.95 as against its overnight close at Rs 1,015.25.

Asian Paints gained 5.91 per cent to quote at Rs 747.4. The stock had ended the overnight session at Rs 705.70.

State Bank of India held gains of 5.33 per cent at Rs 322.15 as against Rs 305.85 at close yesterday.

IndusInd Bank was trading at Rs 749 as against Rs 720.60 at close on Thursday, representing a gain of 3.94 per cent.

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