Banking shares were in the limelight in late trading on the NSE on Tuesday. At 2.29 pm Punjab National Bank was the top gainer, quoting at Rs 141.70. This represented a gain of 4.85 per cent on its previous close at Rs 135.15.

The bank today announced a near 50 per cent drop in net profit. However shares surged as bad loan ratio was stable in the quarter ended June.

BHEL steamed up further to hold gains of 2.52 per cent at Rs 278.85 against Rs 272 at close yesterday.

Bank of Baroda rode up 1.71 per cent to quote at Rs 154.90 against Rs 152.30 at close yesterday.

Kotak Mahindra Bank was firm but off its morning highs. The share was trading at Rs 726.50, up 1.61 per cent on its Monday close at Rs 715.

Hindalco Industries gained 1.58 per cent to quote at Rs 106.05 against Rs 104.40 at close overnight.