Nifty PSU Bank index soars 12% in four days; SBI nears record high

Canara Bank hit a 52-week high of Rs 252.80, after rallying 6% in intra-day trade and 21% in the past four trading days.

Shares of public sector banks (PSBs) continued their upward movement for the fourth straight day, with the Nifty PSU Bank index gaining 12 per cent over this period after Canara Bank reported a healthy set of numbers for the December quarter (Q3FY22).

At 13:00 pm, the Nifty PSU Bank index, which reflects the performance of the public sector banks, was the top gainer among sectoral indices, up 2.8 per cent. The index is 5 per cent away from touching its all-time high level of 3,054.75 hit on November 9, 2021 in intra-day trade. In comparison, the Nifty50 index was