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With improving fundamentals backing the rally in PSU Banks, Nifty PSU Bank index is expected to hit new highs. However, a rally in 2024 that matches the one in 2023 is unlikely. Experts advise cautious optimism in the top-performing index of 2024. ....
Once seen as wealth destructors, PSUs, including state-run banks, have turned out to be the biggest wealth creators over the past year. Will the winning streak hold? Read on ....
Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts had pegged the gross market borrowing to be a little over Rs 15 lakh crore. ....
Despite ongoing challenges, the Nifty s remarkable eighth consecutive year of positive performance underscores its resilience and reinforces the enduring allure of the Indian growth narrative in 2023 ....
Shares of Punjab National Bank hit a 52-week high of ₹87.2 apiece. From the March 2023 low of ₹44.1 apiece, the stock has gained 97.73% to date. With a year-to-date return of 53.76%, the stock secured the third position among the top-performing stocks in the index. ....