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PSU bank stocks: PSU bank stocks shine on divestment hopes, could gain 10-15% this month


Mumbai: PSU bank stocks such as SBI, Bank of Baroda, Canara Bank and PNB have been vying for market attention lately, having largely outperformed their private sector peers over the fortnight through May 11 on hopes of divestment surrounding state-owned banks.
Traders, however, wonder whether the rally has more legs. Market mavens believe 10-15 per cent more upside is possible this month itself if the Nifty holds 14,400-14,450 levels as Nifty PSU Bank index has risen after hitting an intermediate bottom near 1,947 on April 20 through 2,239.7 on May 11.
“If the 14,400 support breaks down, all bets are off, said Rajesh Palviya, technical head, Axis Securities, whose preferred picks are SBI and Bank of Baroda. ....

Rajesh Palviya , Amit Gupta , Vishal Wagh , Bank Nifty , Canara Bank , Axis Securities , Psu Bank Stocks , Nifty Psu Bank Index , Psu Bank , அமித் குப்தா , விஷால் வாக் , வங்கி நிஃப்டி , கனரா வங்கி , அச்சு பத்திரங்கள் , ப்ஸ்யூ வங்கி ஸ்டாக்ஸ் , நிஃப்டி ப்ஸ்யூ வங்கி குறியீட்டு , ப்ஸ்யூ வங்கி ,

Quick Wrap: Nifty PSU Bank Index falls 9.26%, NIFTY Crashes 3.53%


Nifty PSU Bank index closed down 9.26% at 1988.3 today. The index has slipped 14.00% over last one month. Among the constituents, Indian Bank dropped 11.27%, Canara Bank shed 11.13% and Bank of Baroda fell 10.68%.
The Nifty PSU Bank index has soared 53.00% over last one year compared to the 57.06% increase in benchmark Nifty 50 index. In other indices, Nifty Media index has dropped 8.10% and Nifty Realty index is down 7.50% on the day. In broad markets, the Nifty 50 has dropped 3.53% to close at 14310.8 while the SENSEX has slid 3.44% to close at 47883.38 today.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

Indian Bank , Canara Bank , Nifty Realty , Nifty Media , Capital Market , Nifty 50 , National Stock Exchange Of India , Bse Sensex , Stock Exchanges , Stock Market , Banks Nec , Corporate Banks , S Ampp Bse Sensex Index , Nifty Media Index , Nifty Psu Bank Index , Cnx Realty Index , Bank Of Baroda , Nnifty 50 Index , இந்தியன் வங்கி , கனரா வங்கி , நிஃப்டி ரியல்டீ , நிஃப்டி மீடியா , மூலதனம் சந்தை , தேசிய ஸ்டாக் பரிமாற்றம் ஆஃப் இந்தியா , ஸ்டாக் பரிமாற்றங்கள் , ஸ்டாக் சந்தை ,

Quick Wrap: Nifty PSU Bank Index falls 4.10%, NIFTY Crashes 1.54%


Nifty PSU Bank index closed down 4.10% at 2123.85 today. The index has slipped 9.00% over last one month. Among the constituents, Canara Bank dropped 6.14%, Central Bank of India slipped 4.68% and State Bank of India fell 4.61%.
The Nifty PSU Bank index has soared 72.00% over last one year compared to the 81.08% increase in benchmark Nifty 50 index. In other indices, Nifty Bank index has dropped 3.48% and Nifty Private Bank index is down 3.45% on the day. In broad markets, the Nifty 50 is down 1.54% to close at 14637.8 while the SENSEX has slid 1.74% to close at 49159.32 today.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

Nifty Private Bank , Central Bank , Canara Bank , Nifty Bank , State Bank , Capital Market , Nifty 50 , Bse Sensex , National Stock Exchange Of India , State Bank Of India , Stock Exchanges , Stock Market , Economy Of India , Banks Nec , S Ampp Bse Sensex Index , Nifty Bank Index , Central Bank Of India , Nifty Psu Bank Index , Nnifty 50 Index , நிஃப்டி ப்ரைவேட் வங்கி , மைய வங்கி , கனரா வங்கி , நிஃப்டி வங்கி , நிலை வங்கி , மூலதனம் சந்தை , தேசிய ஸ்டாக் பரிமாற்றம் ஆஃப் இந்தியா ,

Quick Wrap: Nifty PSU Bank Index falls 3.77%, NIFTY Tumbles 1.27%


Nifty PSU Bank index ended down 3.77% at 2199.05 today. The index has slipped 3.00% over last one month. Among the constituents, Indian Bank shed 6.66%, Bank of Baroda fell 5.07% and Bank of India dropped 4.66%.
The Nifty PSU Bank index has soared 48.00% over last one year compared to the 64.17% increase in benchmark Nifty 50 index. In other indices, Nifty PSE index has dropped 3.13% and Nifty Energy index has slid 3.11% on the day. In broad markets, the Nifty 50 has declined 1.27% to close at 14721.3 while the SENSEX has dropped 1.12% to close at 49801.62 today.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

Indian Bank , Nifty Energy , Capital Market , Nifty 50 , National Stock Exchange Of India , Bse Sensex , Nifty 500 , Banks Nec , Corporate Banks , Nifty Energy Index , Bank Of India , S Ampp Bse Sensex Index , Nifty Pse Index , Nifty Psu Bank Index , Bank Of Baroda , Nnifty 50 Index , இந்தியன் வங்கி , நிஃப்டி ஆற்றல் , மூலதனம் சந்தை , தேசிய ஸ்டாக் பரிமாற்றம் ஆஃப் இந்தியா , வங்கிகள் கழுத்து , பெருநிறுவன வங்கிகள் , நிஃப்டி ஆற்றல் குறியீட்டு , வங்கி ஆஃப் இந்தியா , நிஃப்டி ப்ஸ் குறியீட்டு , நிஃப்டி ப்ஸ்யூ வங்கி குறியீட்டு ,