Home / Markets / News / Nifty PSU Bank index up 3%; SBI hits fresh 6-month high ahead of Q1 results

Nifty PSU Bank index up 3%; SBI hits fresh 6-month high ahead of Q1 results

SBI rallied 3.5% to Rs 320, its highest level since January 25, 2018 ahead of its April-June quarter (Q1FY19) results on Friday, August 10, 2018.

Premium

Union Finance Minister Arun Jaitley is expected to address the two-day conclave at the State Bank of India (SBI) Academy in Gurugram

SI Reporter Mumbai

Last Updated : Aug 09 2018 | 11:58 AM IST

Shares of public sector undertaking (PSU) bank were in focus with the Nifty PSU Bank index gaining more than 3% on the National Stock Exchange (NSE) in an otherwise range-bound market on Thursday.

Union Bank of India, Allahabad Bank and Oriental Bank of Commerce were up 5% each, while Andhra Bank, Bank of India, Canara Bank, Bank of Baroda, Syndicate Bank, Punjab National Bank (PNB) and State Bank of India (SBI) were up in the range of 3% to 4% on the NSE.

At 11:31 AM; Nifty PSU Bank index, the largest gainer among sectoral indices, was up

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in