PSBs extend gain; Nifty PSU Bank index surges 10% in four days

Shares of public sector banks (PSBs) were trading higher for the fourth straight day, after the Supreme Court's decision on Essar Steel resolution came in favor of the financial creditors.

At 10:43 am, Nifty PSU Bank index was up 1 per cent, surging 10 per cent in the past four trading days. In comparison, the benchmark Nifty 50 index has gained 1.3 per cent during the same period.

Among individual stocks, Corporation Bank has rallied 82 per cent in four days from Rs 15.70 to Rs 28.50 today. UCO Bank soared 42 per cent, while Oriental Bank of