BankingPre-market
PSU banks gain momentum after strong Q2 results
pre-market1 source ↓written by the desknot a recommendation
- in the PSU
- 1.9% rise
- following robust Q2
- 4.7% increase
- FII limits
- 20% to 49%
Public sector banks saw a 1.9% rise in the PSU Bank index on Monday, outperforming the Sensex and Nifty. Bank of Baroda led gains with a 4.7% increase following robust Q2 results. The rally is supported by rising FII interest and potential government moves to raise FII limits from 20% to 49%. 📈
This positive sentiment may sustain the bullish trend in the sector, attracting further investments.
Not investment advice. For informational purposes only.