PSU Bank Index Rallies

The rally in PSU Bank stocks supported gains in the Nifty PSU Bank index. The index opened marginally higher at 6,969.60 compared to its previous close of 6,952.90 and rose to an intraday high of 7,026.35, marking a gain of 1.05%. Barring Canara Bank and Union Bank shares, all other constituents of the Nifty PSU Bank index were trading in the green, reflecting broad-based investor interest in the sector following the disinvestment news.