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PSU Banks in focus; SBI, BOI, PNB, Indian Bank, Canara, UBI gain up to 3%

Reported by: Business Standard ·

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State Bank of IndiaPunjab National Bank

Summary

Business Standard reported that shares of public sector banks were in focus on Monday, with SBI, Bank of India, PNB, Indian Bank, Canara Bank and Union Bank of India gaining up to 3%. The Nifty PSU Bank index, which tracks listed state-run banks, was the top gainer among sectoral indices, up 2% in intraday deals, the outlet said. The Nifty, the benchmark index of large listed companies on the NSE, slipped 0.3% at the same time. PSU banks are banks in which the government holds a majority stake. Intraday means during the trading session, before the market closes. The report gives no reason for the move.

AI summary of what Business Standard reported. AI can make mistakes. Read the full story on Business Standard

Learn: What are the Sensex and the Nifty?

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Business Standard  · · Tone +1

PSU Banks in focus; SBI, BOI, PNB, Indian Bank, Canara, UBI gain up to 3%

The Nifty PSU Bank index was the top gainer among sectoral indices up 2% in Monday's intraday deals, while the Nifty slipped 0.3%.

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  • Nifty

    The Sensex and the Nifty 50 are scoreboards for a group of big Indian companies. Learn what they measure and how to read "Sensex up 300 points".

    Learn: What are the Sensex and the Nifty?

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