HomeStock MarketNifty PSU Bank surges 26%; BOI, Canara Bank, UBI rally 55%

Nifty PSU Bank surges 26%; BOI, Canara Bank, UBI rally 55%

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  • The Nifty PSU Bank index rose 26% in one month after banks announced strong profitability for July-September quarter (Q2FY23).
  • Nifty 50 up 5.4%.
  • BOI, UBI, Canara Bank, Bank of Maharashtra, Indian Bank, and Uco Bank rose 30%-55% in the preceding month.
  • SBI, CBI, Bank of Baroda, Punjab National Bank, Indian Overseas Bank, and Punjab & Sindh Bank rose 16% to 25%.

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