PSU bank stocks rally on merger speculation
after close1 source ↓written by the desknot a recommendation
- Bank index rising
- 0.97%
- 8,596.75
- of mergers
- 2026
- in the last
- 5.3%
- gain
- 2.33%
Public sector bank stocks surged on 1 Dec 2023, with the Nifty PSU Bank index rising 0.97% to 8,596.75, marking a new all-time high. Key players like Bank of Baroda and Bank of India are in focus as potential merger candidates, with expectations for the next phase of mergers in 2026. This rally reflects growing investor optimism in the sector.
• Nifty PSU Bank index up 5.3% in the last 30 days
• Bank of Baroda leads with 2.33% gain
• Merger talks involve major banks like SBI and PNB.
Not investment advice. For informational purposes only.