New Delhi, Jan. 6 -- PSU banking stocks continued to ride the bull wave for the seventh straight session on Tuesday, January 6, even as the broader markets remained range-bound. After rising 0.5% in the previous session, the Nifty PSU Bank index advanced another 1.32% to hit a fresh record high of 8,856, taking its seven-day cumulative gain to nearly 7%.

All 12 constituents of the index were trading higher, led by Union Bank of India, which jumped 3% to the day's high of Rs.167 apiece. Bank of India, SBI, Bank of Maharashtra, Canara Bank, Indian Bank, and UCO Bank also traded with gains of over 1%.

On Monday, the Nifty Bank index also touched a record high of 60,437, underscoring resilient Street sentiment toward banking stocks.

The op...