New Delhi, Feb. 20 -- In a week marked by heightened market volatility, triggered by renewed tensions in the Middle East, investor interest in state-owned banks remained upbeat as the Nifty PSU Bank index extended its weekly winning streak to a third consecutive week, indicating Street confidence in the growth prospects of the segment.

The index has finished four of the last five trading sessions higher, taking its weekly gain to 5.45%, which is also its biggest weekly gain since October 2024, when it rallied 7.87%. During the week, the PSU gauge also reached multiple record highs, with the latest recorded today (20 February) at the 9,691 level.

The recent uptrend has added 13.3% to its year-to-date gains, largely outperforming the benc...