Nifty PSU Bank index hits over 6-month high, SBI gains 6% in two days

Nifty PSU Bank index has gained 4% in the past two days. It hit an intra-day high of 3,249 on Wednesday, its highest level since September 4, 2018.

Shares of public sector banks were trading higher for the second day in a row with Nifty PSU Bank index gaining 4 per cent in the past two days on the National Stock Exchange (NSE). The PSU bank index hit an intra-day high of 3,249, its highest level since September 4, 2018, as stressed assets enter into declining phase.

At 02:35 PM, the Nifty PSU Bank index, the largest gainer among sectoral indices, was up 1.5 per cent at 3,227, as compared to a marginal 0.05 per cent decline in the benchmark Nifty50 index. Nifty Bank and Nifty Private