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Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days

Finance Minister Nirmala Sitharaman proposed to divest stake in two PSBs while unveiling Budget 2021 proposals

Topics
Buzzing stocks | Nifty PSU Bank | Privatisation of PSU banks

SI Reporter  |  New Delhi 

Two of the four short-listed banks will be selected for sale in the FY22 which begins in April
Two of the four short-listed banks will be selected for sale in the FY22 which begins in April

Public sector banks were ruling higher for the second day in a row as investor sentiment remained buoyant amid privatisation buzz. The index defied market gravity and surged 5.6 per cent to hit an intra-day high of 2,446 on the National Stock Exchange (NSE) as against a 0.6 per cent drop in the Nifty50 index.

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First Published: Wed, February 17 2021. 10:53 IST
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