PSU Bank Stocks

The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10

The uptick in Indian Overseas Bank shares price came after the company posted a strong set of results in the December quarter of financial year 2025 (Q3FY25)

The Nifty PSU Bank index has plunged over 20% in the last six months and now seen testing long-term support on the monthly chart. Will PSU Banks rebound or extend fall? Key levels to watch out for.

PSU bank stocks: The Nifty PSU Bank index has surged 24.08 per cent on the National Stock Exchange (NSE) thus far in CY24

Stock Market Highlights: The day ended in favor of the bears, as 46 out of the 50 constituent stocks of the Nifty50 closed in the red

The up move in Indian Overseas Bank scrip came after the company announced that it has received tax refunds of Rs 1,238.31 crore from the Income Tax Department (I-T Department)

At 02:20 pm; the Nifty PSU Bank index was the top gainer among sectoral indices, up 4 per cent, as compared to 0.8 per cent rise in Nifty 50.

The Nifty PSU Bank index, the top loser among sectoral indices, was down 1.1 per cent at 6,581.40, as compared to the 0.16 per cent rise in the Nifty 50 at 11:14 AM on Monday.

Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.

PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.

Stocks to Watch today, July 23, 2024: The Narendra Modi-led Bharatiya Janata Party (BJP) is all set to present its first Budget under its third term

ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent

Stock market outlook on Nifty PSU Banks, Nifty CPSE stocks: Technical chart suggests up to 22 per cent upside for UCO Bank, SJVN, NHPC and Bank of Maharashtra; here's why.

Here's why the stock market rallied on Thursday, May 23: PSU bank stocks cheered RBI's dividend move; Optimism over election outcome coupled with ease in bond yields lifted NSE Nifty to a new high.

Brokerages remain upbeat on the stock following strong show in Q3 earnings

What was the key message from RBI MPC? How much shockvertising is too much? Will PSU banks continue to rule markets? What is Jai Anusandhan? All answers here

With a market cap of Rs 1.43 trillion, IOB currently stands ahead of Punjab National Bank (Rs 1.38 trillion) and Bank of Baroda (Rs 1.29 trillion).

The Nifty PSU Bank index was the top performing sector post Interim Budget on Thursday; the index was up almost 12 per cent in the last four days.

The Nifty PSU Bank index hit a new high at 5,589, and has rallied over 10 per cent in the last one month.

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024