Nifty PSU Bank Record Rises 3%; SBI, IOB, Canara Bank, Union Bank Stocks Bounce Up to 4%

Public Sector Banks price rally today

Offers of open segment banks (PSBs) were within the highlight on Friday, with major stocks picking up up to 4% on the National Stock Trade (NSE), indeed as the by and large showcase remained quiet.

Banks like State Bank of India (SBI), Indian Bank, Indian Abroad Bank (IOB), Bank of Maharashtra, Union Bank of India, UCO Bank, Punjab & Sind Bank, Central Bank of India, Canara Bank, Bank of Baroda, and Punjab National Bank saw picks up of 2% to 4% in intra-day trade.

At 1:37 PM, the Clever PSU Bank file was the best entertainer among money related files, up 2.8%, whereas the Clever 50 was down 0.25%. Other files like Clever Budgetary Administrations and Clever Private Bank were marginally down, by 0.09% and 0.22%, separately. Clever Bank was up 0.22%.