PSU Banks defy weak market mood: BoB, SBI, PNB surge up to 5%

At 10:41 AM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to 0.43 per cent decline in the Nifty50 index.

Shares of public sector undertaking (PSU) banks were in focus as Nifty PSU Bank index gained over 2 per cent on the National Stock Exchange (NSE) in Tuesday’s intra-day trade in an otherwise subdued market.

Among the PSU banks pack, Bank of Baroda, Bank of India, Canara Bank, Uco Bank, Union Bank of India, Punjab National Bank and State Bank of India (SBI) were up between 2 per cent and 5 per cent on the NSE. At 10:41 AM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to 0.43 per