The Nifty PSU Bank index is trading higher at 7,196.45, up 0.99% or 70.90 points, driven by strong performance in several public sector banks. Most constituents are trading in the green, with UCO Bank and Bank of Baroda leading the gains.
Top gainers
- UCO Bank has surged 2.50% to trade at Rs 50.93.
- Bank of Baroda is up by 2.28%, trading at Rs 265.92.
- Canara Bank has gained 1.62%, currently trading at Rs 109.92.
- Punjab National Bank (PNB) is trading 1.27% higher at Rs 110.47.
Notable performances
- Union Bank is up by 1.29%, trading at Rs 129.45.
- SBI is marginally higher by 0.48%, trading at Rs 869.60.
- IOB has increased by 0.95% to Rs 58.42.
Key decliner
- Indian Bank is the only stock in the red, down by 0.57%, trading at Rs 595.95.
The PSU banking sector remains buoyant in today’s trading session, reflecting positive sentiment and increased interest in public sector banking stocks.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
