Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.
Thus far in the month of February 2026, the Nifty PSU Bank index has rallied 5.5 per cent, as compared to 2 per cent rise in the benchmark Nifty 50.
SBI, Federal Bank, Shriram Finance and Ujjivan SFB are showing strong bullish uptrend, with all 4 stocks trading above the key moving averages across time-frames, suggest technical charts.
Reliance Industries currently ranks first with a market capitalisation, followed by HDFC Bank in second place and Bharti Airtel in third
NTPC and Oil and Natural Gas Corporation (ONGC) from the Nifty 50 touched their respective 52-week highs.
At 11:55 AM on Wednesday; SBI's market cap stood at ₹10.78 trillion, as compared to TCS's market cap of ₹10.68 trillion on the BSE, the exchange data shows.
In the past one month, the Nifty PSU Bank index has outperformed the market by surging 7 per cent, as against 0.5 per cent gain in the Nifty 50.
At 10:45 AM; the Nifty PSU Bank, Nifty Realty and Nifty Auto index were down in the range of 0.67 per cent and 2 per cent, as compared to 0.60 per cent decline in the benchmark Nifty 50.
Bank stocks rally on India-US trade deal, and hopes of the government raising FDI cap in PSBs to 49 per cent, and relaxing voting rights, believe analysts.
Despite the past two days decline, the Nifty PSU Bank index has outperformed the market by surging 21%, as against 1% rise in the Nifty 50 in the past five months.
The stock price of SBI hit a new high of ₹1,083.95 on the BSE in Sunday's intra-day trade and has rallied 10% thus far in the calendar year 2026.
A technical scan on Nifty 500 stocks reveals that 6 shares were trading in overbought territory based on the RSI parameter, while 66 languished in the oversold zone a day ahead of the Union Budget.
S&P Global Market Intelligence data compiled on January 21 shows that three Indian banks account for a major share of regional upside potential, even as several peers trade closer to fair value.
In the past six months, the stock price of SBI has surged 31 per cent, as compared to 10.2 per cent decline in market price of ICICI Bank and 8.6 per cent fall in HDFC Bank.
SBI stock has outperformed in January with a gain of 7 per cent thus far. The bank's chairman expects private investment to rebound once global trade and US tariff-related disruptions settle.
Since October 2025, Bank of India, Union Bank of India and Canara Bank have surged between 29 - 34 per cent. FPIs have increased stake in select PSU Banks by up to 3 per centage points.
Union Bank of India surged 8%, while Bank of Maharashtra, Indian Bank, Indian Overseas Bank and Punjab & Sind Bank were up 4% each on the NSE in intra-day trade.
SBI stock trend: In the past one month, SBI has outperformed the market and rallied 6 per cent, as against 1.6 per cent decline in the BSE Sensex.
SBI's market capitalisation touched ₹9.45 trillion in intra-day deals on Tuesday.
Financial shares rally on Monday: In the past one week, the BSE Financial index has outperformed the market by gaining 2.2%, as compared to 0.7% rise in the BSE Sensex.