PSU banks on a roll; SBI becomes most valued PSU

SBI beats ONGC to become most-valued PSU firm in m-cap

Shares of public sector banks (PSBs) were in focus on Tuesday, with the Nifty PSU Bank index hitting a 52-week high on the National Stock Exchange (NSE) in intra-day trade. Profit booking at higher levels saw the index pare gains and close flat. By comparison, the Nifty50 index ended 0.4 per cent lower at 9,105.

Bank of India, Vijaya Bank, Indian Overseas Bank, UCO Bank and Corporation Bank were some of the top gainers, with a gain of up to 2.9 per cent. Meanwhile, State Bank of India (SBI) which gained 2.4 per cent to Rs 297 levels on Tuesday