PSU banks extend gain; SBI nears 52-week high

Nifty PSU Bank index was up 7% in past five trading days against 0.97% gain in Nifty 50 index.

Shares of public sector banks (PSBs) were trading higher for the fifth straight trading sessions, gaining 7% on the National Stock Exchange (NSE), on the premise that the asset quality issues faced by them would largely be comprehended and quick resolutions to be bought about for them.

At 10:23 am; the Nifty PSU Bank index, the largest gainer among sectoral indices, was up 0.88% at 3,463 as compared to 0.3% rise each in Nifty 50 and Nifty Bank index.

Nifty PSU Bank index hit an intra-day high of 3,467, is 1.3% or 45 points away from its 52-week