Page 3 - Nifty Psu Bank

Amid privatisation buzz, Nifty PSU Bank index extends gains to 42% in Feb

On Thursday, the Nifty PSU Bank index, a gauge for the performance of state-owned banking stocks, rose 5.6 per cent

Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days

Finance Minister Nirmala Sitharaman proposed to divest stake in two PSBs while unveiling Budget 2021 proposals

PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit

In February so far (till Monday), the Nifty PSU Bank index has rallied 16.4 per cent as compared to a 7.2 per cent gain in the benchmark Nifty50

PSU Bank index up 31% in 1 wk on strong SBI Q3 results, privatization hope

SBI, Indian Bank, Bank of Baroda, Canara Bank, Punjab National Bank and Bank of India were rallied between 25 per cent and 50 per cent in past one week.

PSBs extend gain on privatisation hope; Indian Bank surges 37% in 4 days

In past four trading days, Nifty PSU Bank index has rallied 18 per cent as compared to a 9 per cent gain in the benchmark Nifty50

SBI, PNB, Canara Bank: PSU bank stocks to see more upside, show charts

For SBI, the immediate closing basis support stays at Rs 260 levels.

Nifty PSU Bank index surges 7%; PNB, Canara Bank, Indian Bk rally up to 19%

The Nifty PSU Bank index ended as the top gainer among sectoral indices.

Select PSU banks gain on government's Rs 20,000 crore fund infusion plan

Finance Minister Nirmala Sitharaman had, during her Union Budget speech for 2020-21 in February, avoided going for recapitalisation of PSBs in this financial year

Financials extend fall; Nifty PSU Bank index slips 8% in a week

Last week, global rating agency Moody's downgraded the long-term local and foreign currency deposit ratings of four public sector banks

Nifty PSU Bank index rallies 4% ahead of PM Narendra Modi's review meeting

UCO Bank, Central Bank of India and Bank of Maharashtra surged more than 5%, while Bank of India, Union Bank of India, PNB, IOB, Bank of Baroda and SBI were up in the range of 2% to 4% on the NSE

Financial stocks crack; Nifty Bank tanks 4%; Axis Bank, SBI slide up to 5%

That apart, NBFC stocks such as Bajaj Financial Holding, Bajaj Finserv, M&M Finance, Choldamandalam Investment and Finance Company, and Bajaj Finance tumbled up to 5 per cent

PSBs may report weak loan growth, NII amid Covid-19 crisis in Q4: Analysts

Growth, asset quality and NPA resolutions remain key metrics to be watched for the entire lending space given uncertainty regarding the return to normalcy amid Covid-19 pandemic, say analysts

Market Wrap, May 13: Here's All That Happened In The Markets Today

Sectorally, banking stocks rallied the most. The Nifty PSU Bank index jumped over 6 per cent to 1,238.05 while Nifty Bank climbed over 4 per cent to 19,635

Nifty PSU Bank index nears four-year low; six banks tumble to 5-year low

The fall comes amid weakening economic trends that can lead to subdued credit growth and continued elevated fresh stress formation in the immediate term.

PSU banks trade weak; SBI, Bank of Baroda down over 3%

On Thursday, the Reserve Bank of India (RBI) lowered its gross domestic product (GDP) growth forecast for the financial year 2019-20 (FY20) to 5 per cent, from the previously estimated 6.1 per cent.

Essar Steel case verdict a big positive for banks; SBI top pick: Analysts

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.

PSU banks gain; SBI, Canara Bank, Bank of Baroda and PNB rise 3%

Central Bank of India, United Bank of India, Syndicate Bank, Andhra Bank and Bank of India were up in the range of 5-12 per cent.

Public sector banks gain; Punjab National Bank hits four-month high

Nifty PSU Bank index, the largest gainer among sectoral indices, was up 1.5 per cent, as compared to 0.5 per cent rise in Nifty Bank and Nifty Private Bank index.

Select PSU banks gain on recap hopes; Central Bank of India up 6%

Bank of Maharashtra, Central Bank of India, United Bank of India, Uco Bank, Corporation Bank, and Dena Bank were up 2% to 7% on NSE.

PSU banks extend gains ahead of their meeting with RBI governor

Nifty PSU Bank index surged 2.7% to 3,022, its highest level since September 17, 2018, in intra-day trade on Thursday, rallying 10% from its Tuesday's low of 2,747 on the NSE.