+ Follow us On Google

PSU Bank Stocks Rally: The Nifty PSU Bank index advanced over 2% on Monday, lifted by a strong 3–5% surge in Bank of Baroda and Canara Bank shares following their Q2 FY26 results, alongside supportive policy chatter and consolidation buzz. All 12 constituents traded in the green.

Bank of Baroda jumped 4.6% to Rs 291.2 as of 11 am, touching a record high and driving the index 2.19% higher to 8,363.2. The lender reported a better-than-expected July–September performance, with net interest margin rising 5 bps to 2.96% despite the 100-bps repo rate cut in June, and improvement in asset quality. While profit after tax declined 8% YoY, it rose 6% sequentially on lower provisions.

Broker sentiment turned more bullish post-earnings

HSBC reiterated buy and raised targ

See Full Page