Psu Bank Stocks
Nifty PSU Bank index surges 4% amid rebound in Adani group stocks
SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.
 "Nifty PSU Bank index surges 4% amid rebound in Adani group stocks")
Here's what Ravi Nathani suggests on the financial sector
According to the technical analyst, the finance sector is expected to underperform in the near term, but this underperformance will provide a good buying opportunity for traders and swing players.
 "Here's what Ravi Nathani suggests on the financial sector")
Rs 20-trn agri credit outlay to boost tractor manufacturers, PSBs: Analysts
However, fertiliser stocks may not see another upsurge as they have have more-than-doubled in the last six months, they said
 "Rs 20-trn agri credit outlay to boost tractor manufacturers, PSBs: Analysts")
Nifty PSU Bank index rebounds 11% in 3 days: PSB, BoB climb up to 5%
At 11:35 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2 per cent, as against 0.06 per cent decline in the Nifty50
 "Nifty PSU Bank index rebounds 11% in 3 days: PSB, BoB climb up to 5%")
Stock of this PSU bank has nearly doubled in just nine trading sessions
Punjab & Sind Bank trading higher for the fourth straight day, surging 42 per cent during the period, and quoted at its highest level since February 2018.
 "Stock of this PSU bank has nearly doubled in just nine trading sessions")
Is it time to shift to private bank stocks?
The rally in public sector banks, after their impressive September quarter performance, may soon fizzle out. Should investors turn to their private peers for better returns?
 "Is it time to shift to private bank stocks?")
Union Bank of India m-cap crosses Rs 50,000 cr; stock surges 61% in a month
In the past one month, shares of Union Bank of India zoomed 61 per cent, as against 4 per cent rise in the S&P BSE Sensex
 "Union Bank of India m-cap crosses Rs 50,000 cr; stock surges 61% in a month")
Strong Q2 results drive earnings, target price upgrades for SBI, BoB
Analysts see up to 31 per cent and 17.6 per cent upside in SBI and BoB's stock, respectively, from a one-year perspective
 "Strong Q2 results drive earnings, target price upgrades for SBI, BoB")
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.
 "PSU Banks defy weak market mood: BoB, SBI, PNB surge up to 5%")
BoI, PNB, IOB: 5 PSBs form 'falling knife' pattern; charts say stay away
State Bank of India is the only stock that has bucked the trend. The stock has amplified investors' wealth by 250 per cent in the last five years and 550 per cent in the twelve-year period
 "BoI, PNB, IOB: 5 PSBs form 'falling knife' pattern; charts say stay away")
Nifty PSU Bank index soars 5%; SBI hits record high, up 3%; BOB zooms 10%
The Nifty PSU Bank index climbed to a fresh two-year high even as the NSE benchmark slipped a per cent.
 "Nifty PSU Bank index soars 5%; SBI hits record high, up 3%; BOB zooms 10%")
IT services, telecom, financials: Sectors analysts are betting on for 2022
With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest
 "IT services, telecom, financials: Sectors analysts are betting on for 2022")
IOB, Central Bank of India surge up to 20% on privatisation buzz
IOB has surged 20 per cent to Rs 23.80, while CBI gained 15 per cent on the BSE in intra-day trade today.
 "IOB, Central Bank of India surge up to 20% on privatisation buzz")
SBI trades higher for 4th straight day, hits new high ahead of Q2 results
SBI appears well-positioned to report a strong uptick in earnings, led by moderation in credit costs, as the bank has strengthened its balance sheet and increased its PCR
Union Bank of India at 52-week high, stock rallies 42% so far in October
Post merger of Andhra Bank and Corporation Bank, Union Bank has raised capital which has improved the capitalisation levels of the bank enhancing its ability to absorb asset quality pressures
 "Union Bank of India at 52-week high, stock rallies 42% so far in October")
Tech view: Divestment news can trigger up to 25% rally in IOB, Central Bank
The stock of Central Bank of India is poised to breakout on the upside if it manages to conquer the resistance of Rs 25.50 with a stable upmove
 "Tech view: Divestment news can trigger up to 25% rally in IOB, Central Bank")
Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%
The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands
 "Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%")
State-run banks' shares outperform private peers on recovery bets
A broad improvement in the sector's asset quality and India's plans to transfer soured loans to a proposed bad bank boosts their growth outlook
 "State-run banks' shares outperform private peers on recovery bets")
Jhunjhunwala bullish about state-owned banks, says they are undervalued
There will be run up in stock when government disinvests its stake, says investor.
 "Jhunjhunwala bullish about state-owned banks, says they are undervalued")
Bad loan recognition likely to weigh on stocks of public sector banks
Earnings improvement over two quarters was without proportionate lending growth
 "Bad loan recognition likely to weigh on stocks of public sector banks")
