PSBs have benefited from the Reserve Bank of India's (RBI) cumulative 100 basis points (bps) repo rate cut in three tranches till June 2025, and liquidity measures that lowered borrowing costs
Systematix noted that PSBs witnessed a remarkable turnaround in FY25, reversing the decade-long decline in their advances market share
At 01:49 PM, the Nifty PSU Bank index, the top gainer among sectoral indices, was up 1 per cent, as compared to a 0.50 per cent decline in the Nifty 50
Around 12 PM, the Nifty PSU Bank index was up 0.45 per cent, as compared to a 0.43 per cent decline in the Nifty 50
The BSE Sensex was trading at 83,731.47, down 327.43 points or 0.39 per cent, and the Nifty50 was down by 77 points or 0.3 per cent at 25,560.80
PSU Bank shares in focus: At 10:37 AM; Nifty PSU Bank index was the top gainer among sectoral indices, up 2.4 per cent, as compared to 0.3 per cent decline in the Nifty 50.
The Nifty PSU Bank, which reflects the performance of public sector banks, outperformed others by rising 2.42 per cent during intraday trading on Tuesday
The Nifty PSU Bank index rose 1.46 per cent outperforming the benchmark Nifty50 index which was slightly up over 1 per cent at day's high
All the major sectoral indices were trading higher, led by the PSU Bank index up over 2 per cent
Despite private banks performing strongly in 2025 so far, the last three months have seen a sharp reversal, with PSU banks taking the lead.
The Nifty PSU Bank index has surged 30% from its March low, with 7 out of 12 bank stocks up more than 25%. Here's a technical outlook on key bank stocks - SBI, Bank of Baroda and Canara Bank.
The Nifty PSU Bank index rose as much as 1.96 per cent to hit an intraday high of 7,010.45, with all its constituents trading in the green.
At 11:27 am; Nifty PSU Bank, the sole gainer among sectoral indices, was up 1.32 per cent, as compared to 0.91 per cent decline in Nifty 50.
State Bank of India (SBI), Indian Overseas Bank (IOB), Uco Bank, Central Bank of India and Union Bank of India slipped between 1 per cent to 2 per cent in intraday deals on Monday
Thus far in the calendar year 2025, Nifty PSU Bank index has underperformed the market by falling 2.5 per cent, as compared to 2.8 per cent rise in the Nifty 50.
Union Bank of India reported a 7.82 per cent increase in its total global business to ₹22.92 trillion for the March 2025 quarter compared to ₹21.26 trillion in the year-ago quarter
The uptick in these stocks came after the DIPAM invited bids from merchant bankers to assist the government in its planned stake sale in public sector banks and listed financial institutions
In the past one-month, the Nifty Realty and Nifty PSU Bank indices have underperformed the market by falling 14% and 8.7%, respectively, as compared to 1.6% fall in the Nifty 50
On Thursday thus far, Nifty Bank, Nifty PSU Bank and Nifty Financial Services quoted with losses up to 0.8% in a slippery market; technical charts hint up to 8% potential upside on these indices.
The Nifty PSU Bank index has plunged over 20% in the last six months and now seen testing long-term support on the monthly chart. Will PSU Banks rebound or extend fall? Key levels to watch out for.