Nifty PSU Bank index surges 7%; PNB, Canara Bank, Indian Bk rally up to 19%

The Nifty PSU Bank index ended as the top gainer among sectoral indices.

Shares of public sector undertaking (PSU) banks were in focus at the bourses on Tuesday, with the Nifty PSU Bank index gaining over 7 per cent, on the back of strong gain in Canara Bank, Punjab National Bank (PNB), and Indian Bank, which rallied up to 19 per cent on the National Stock Exchange (NSE).

Bank of India, Bank of Baroda, Union Bank of India, and Central Bank of India were up in the range of 5 per cent to 10 per cent, while UCO Bank, Indian Overseas Bank, and State Bank of India (SBI) gained between 1 per cent and