SBI, PNB, Canara Bank: PSU bank stocks to see more upside, show charts

For SBI, the immediate closing basis support stays at Rs 260 levels.

PSU bank stocks have been on a roll since the past one month. The Nifty PSU Bank index has jumped around 34 per cent during the period (From November 9 to December 8) as compared to a 7.4 per cent gain in the benchmark Nifty50 index, NSE data show. 

On Wednesday, too, the index was trading 0.7 per cent higher at 1,871 levels with 10 out of 12 constituents advancing. In Tuesday's session, the Nifty PSU Bank index zoomed over 7 per cent amid healthy buying in counters such as Canara Bank, Punjab National Bank (PNB), Indian Bank, and Bank of