 "Bank recapitalisation stares at Sebi hurdles")
Nifty PSU Bank index hit a 52-week high of 3,980, surging 29% in intra-day trade on the National Stock Exchange (NSE) on strong rally in state-owned banks after the government cleared Rs 2.11 lakh crore bank recapitalisation plan.
The PSU bank index recorded its sharpest single day gain, was trading at its highest level since March 4, 2015. At 01:37 PM; the Nifty PSU Bank index was up 28% at 3,949, as compared to 0.78% rise in the benchmark Nifty50 index.
Punjab National Bank (PNB), Canara Bank, Bank of India and Union Bank of India were up more
The PSU bank index recorded its sharpest single day gain, was trading at its highest level since March 4, 2015. At 01:37 PM; the Nifty PSU Bank index was up 28% at 3,949, as compared to 0.78% rise in the benchmark Nifty50 index.
Punjab National Bank (PNB), Canara Bank, Bank of India and Union Bank of India were up more
