The Nifty PSU Bank index gained 5% on Thursday as heavy buying was seen in Bank of Baroda, Indian Bank, Canara Bank, Bank of India, and SBI.
Shares of BoB and Indian Bank, which gained 7% each, were leading the index’s gain. Shares of Canara Bank also contributed to the index’s gain, rising 5%, followed by Bank of India and SBI, which gained 4% each.
Shares of Syndicate Bank and PNB rose 3% each, while those of Central Bank, Oriental Bank, Union Bank, and J&K Bank gained 2% each.
Meanwhile, equity benchmark indices pared its gain with the Sensex trading at 39,550 levels, up 440 points. The Nifty gained 154 points at 11,892 levels.
Benchmark indices have spurted to a record high level with the Sensex and Nifty crossing 40,000 levels and 12,000 levels, respectively after counting showed that BJP and its partners are leading over opponents.
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