PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth

In the past one month, the Nifty PSU Bank index has rallied 17.4 per cent as against a 2.1 per cent gain in the S&P BSE Sensex

Shares of public sector banks (PSU) continued their northward journey with the Nifty PSU Bank index surging nearly 3 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade on expectations of strong earnings in coming quarters.

At 01:13 pm; the Nifty PSU Bank index was the top gainer among sectoral indices, up 2.75 per cent as compared to a 0.14 per cent gain in the Nifty 50. In the past one month, the index has rallied 17.4 per cent versus a 2.1 per cent upmove in the benchmark index.

Three state-owned banks, Punjab & Sind Bank,