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PSU Bank leads Nifty pack, up 7.6% in the past two trading sessions

With asset quality improving, analysts see more growth

Photo: Bloomberg
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Photo: Bloomberg

Deepak Korgaonkar Mumbai
Shares of public sector undertaking (PSU) banks have been on a recent high, with the Nifty PSU Bank index surging 7.6 per cent in the past two trading sessions on the National Stock Exchange (NSE). On Tuesday, the Nifty PSU Bank was the top-performing sectoral gainer, ending the day 4 per cent higher, as compared to a 1 per cent rise in the Nifty50 index.

In the past three days, the PSU Bank index has outperformed the market by surging 8.1 per cent, as compared to a 2.8 per cent rise in the benchmark index. The rally comes amid stable operating

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First Published: Oct 18 2022 | 11:52 AM IST

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