Financial Nifty PSU Bank

According to the technical analyst, traders should adopt a strategy of purchasing near support and selling near resistance for the Nifty financial services index

According to the technical analyst, the Nifty Private Bank, PSU Bank and Financial Services indices may extend the pullback in the near term.

On Friday, the government came up with an interim framework for resolving financial stress in financial service providers (FSPs) through a structured resolution and liquidation proceedings.

SBI, PNB, Bank of Baroda, Bajaj Finance, Indiabulls Housing, Manappuram Finance, DHFL, Bajaj Finserv and M&M Financial were up in the range of 2% to 5%.