Nifty PSU Bank index surges 4% amid rebound in Adani group stocks

SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.

Nifty PSU Bank index has surged nearly 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade amid a sharp rebound in Adani group stocks.

State Bank of India (SBI), Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up in the range of 4 per cent to 7 per cent. At 10:29 AM; the Nifty PSU Bank index, was the top gainer among sectoral indices, up 3.8 per cent, as compared to 1.2 per cent rise in the Nifty 50.