Live Breaking News & Updates on Psu banks

Stay informed with the latest breaking news from Psu banks on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Psu banks and stay connected to the pulse of your community

psu bank stocks: PSU bank shares jump up to 13% ahead of RBI MPC outcome; IOB top gainer

Shares of PSU banks jumped up to 13% on Wednesday ahead of Thursday's monetary policy meeting by the Reserve Bank of India (RBI) where the Central Bank is expected to strike a dovish note. Moreover, bond yields drifted lower on Wednesday which led to heightened investor enthusiasm.

Baroda , Gujarat , India , Canara , Karnataka , Reuters , Punjab-national-bank , Union-bank , Central-bank , Indian-overseas-bank , Canara-bank

Nifty PSU Bank climbs nearly 3%; IOB, UCO Bank, Canara Bank among top gainers

The Nifty PSU Bank index finished today's session with a gain of nearly 3% to 6,743 points, with 11 out of 12 constituents of the index finishing today's trade in positive territory. The index also touched another record high of 6,788 points.

Baroda , Gujarat , India , Canara , Karnataka , Madan-sabnavis , Sujan-hajra , Union-bank , Life-insurance-corporation , Punjab-sind-bank , Economist-at-bank , Indian-bank

State-run banks have had a good year. Now for the dividends.

PSU Banks have seen a tidy rally, but central government wants that to convert into dividend

Madhavi-arora , Vivek-joshi , Emkay-global-financial-services-ltd , Emkay-global-financial-services , Dividend , Psu-banks ,

PSU banks: Weakening bond yields give a fillip to PSU banks' rally

Analysts, however, say upsides in these shares could be limited because of rising credit costs and rich valuations. Shares of UCO Bank soared 15.23% to an all-time high of ₹60.65.

Canara , Karnataka , India , Mumbai , Maharashtra , Baroda , Gujarat , Christy-mathai , Kaitav-shah , Canara-bank , Central-bank , Indian-bank

PSU Banks: Should you get tempted by this rally in smaller PSU names or stay away? Devang Mehta answers

Ideally, yes, it is a good time for this type of a company to come into the market. The market size is expanding. The size of the opportunity is huge. Probably, yes, market can digest a bit of more passenger vehicle companies. Maruti has been sort of losing market share to the Hyundais and the Kias and the Hondas of the world a bit, but still it is a large company.

Russia , Red-sea , Djibouti-general- , Djibouti , Lucknow , Uttar-pradesh , India , Hyundai , Mahindra , Jio-financial-services , Central-bank

Sanjiv Bhasin stocks: 2 auto stocks Sanjiv Bhasin is bullish on for near term

So I think it will continue to be in a little range bound. We have to understand that the pre-provisioning operating profit was above sentiment, but maybe this was a one off. However, like I said, maybe the sheer weight of being such a large heavyweight will keep it under check. And I think today it could be a little bit weak . But if you have a longer term view, then definitely State Bank is one PSU bank where long term money should find its way.

India , Canara , Karnataka , Baroda , Gujarat , Ayodhya , Uttar-pradesh , Sanjiv-bhasin , Bank-nifty , Canara-bank , Ashok-leyland , Hyundai

Budget 2024: PSU stocks soar on capex boost, BSE PSU index sets new record; check how NBCC, NTPC and others are trading

PSU stocks continue to surge, with the BSE PSU index reaching a record peak of 18,025 points. The rally is attributed to increased capital expenditure in the interim budget for 2024-2025, benefiting PSU companies.

Canara , Karnataka , India , Nirmala-sitharaman , Pradhanmantri-suryodaya-yojana , Yojana-grameen , Vande-bharat , Canara-bank , Union-bank , Indian-overseas-bank , Indian-railways , Punjab-sind-bank

Nifty to hit 23,400 by June, buy on dips in pre-election rally: ICICI Direct

Benchmark indices have performed well in election years going by four decades of history and despite spikes in volatility, the median returns in election years have been 17%. As per ICICI Direct, the outperformance of PSU banks will only amplify and investors should also raise their exposure to IT stocks ignoring the noise.

Baroda , Gujarat , India , Hindustan , India-general- , Bharat , Grindwell-norton , Mahindra , Mayur-uniquoters , Exide-inds , Gufic-bio , Ajanta-pharma

PSU bank stocks rally in a muted market. Why are bulls rejoicing?

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.

Baroda , Gujarat , India , Canara , Karnataka , Mumbai , Maharashtra , Lakshadweep , Nilesh-shah , Nirmala-sitharaman , Punjab-sind-bank , Union-bank

Nifty PSU Bank advances for 5th straight day; 11 stocks including BoB, SBI, PNB end in the green

Indian state-run banks continued their winning streak for the fifth consecutive session on Wednesday, with 11 out of 12 constituents of Nifty PSU Bank index finishing today's trade in the positive territory.

Canara , Karnataka , India , Baroda , Gujarat , Vinod-nair , Union-bank , Punjab-national-bank , Indian-bank , Head-of-research-at-geojit-financial-services , Central-bank , Canara-bank