Nifty PSU Bank index rises 8% to highest since March
In short
PSU bank stocks rose for a third straight week, and the Nifty PSU Bank index climbed 8% to its highest level since March. Punjab National Bank was the top performer, up 13.3% to ₹143.
The rally shows strong buying in state-run bank shares and helped lift the whole index.
What the reporting says
PSU banking stocks rallied for a third straight week, lifting the Nifty PSU Bank index 8% to its highest level since March. Punjab National Bank was the top individual performer, surging 13.3% to ₹143. The move reflects broad strength in state-run lenders, with several PSU bank stocks among the standout gainers.
Why it matters
PSU banking stocks rallied for a third straight week, pushing the Nifty PSU Bank index up 8% to its highest level since March. Punjab National Bank led the gains, rising 13.3% to ₹143. The move signals broad momentum in state-run lenders and stronger sentiment in the banking segment, with the index and several individual names benefiting from the weekly surge.