Most of the PSB (public sector bank) stocks surged in Monday's trading session steering the Nifty PSU Bank index into the green with shares of Bank of Baroda, Punjab National Bank rallying 3-9% while shares of SBI slumped\u00a0about 3%. In the late morning deals, the benchmark NIfty PSU Bank index swung into gains despite a plunge in shares of heavyweight lender SBI. Other than the shares of SBI, all PSU (Public Sector Undertaking) bank stocks traded higher. Shares of Bank of Baroda advanced as much as 10.65% to the day's high of Rs 172.9 while the stock of Punjab National Bank jumped 3.85% to the day's high of Rs 162.85. Other major PSB gainers\u00a0were, IDBI Bank up 6%, Indian Bank up 4.5%, Union Bank of India up 3.4%, Syndicate Bank up 3.3%, Canara Bank up 3.25% while Bank of India, Andhra Bank, Oriental\u00a0Bank of Commerce and Allahabad Bank rose\u00a02-3%. In the meantime, shares of\u00a0State Bank of India\u00a0fell nearly 4% after India\u2019s largest bank reported weak third-quarter\u00a0results as more than Rs 25,000 crore of loans slipped into the non-performing assets category in the reporting quarter,\u00a0majorly due to under-reporting of NPAs (non-performing assets) or divergence to the tune of Rs 23,330 crore for FY17. The gross NPA ratio crossed double digits at 10.35%\u00a0from 7.23%\u00a0a year ago. Shares of State Bank of India saw\u00a0a\u00a0vertical decline following the first earnings reaction as the nation\u2019s largest lender posted a net loss of Rs 1,886.57 crore. The stock of SBI plunged as much as 3.84% to a day\u2019s low of Rs 285 on BSE.\u00a0The state-run banking giant had reported a net profit of Rs 2,152 crore in the same quarter last fiscal year. On a standalone basis, the bank reported a wider loss at Rs 2,416 crore for the quarter ended 31 December 2017. Meanwhile today,\u00a0India\u2019s stock market opened higher following\u00a0a sharp recovery on Wall Street on Friday last week with Dow Industrials rising 33o-points and better Q3 earnings by some of the blue-chip companies. The S&P\u00a0BSE Sensex\u00a0gained 272.48 points to hit the day\u2019s high of 34,278.24 whereas NSE Nifty marked\u00a0the day\u2019s peak of 10,538.1, up by 83.15 points. Shares of ONGC,\u00a0Tata\u00a0Steel, Sun Pharma, Bharti Airtel, Axis Bank, L&T, Yes Bank, Asian Paints, Dr Reddy\u2019s, Hero MotoCorp and Maruti Suzuki were the major gainers among Sensex constituents\u00a0rising up to 5%.