New Delhi, Feb. 21 -- Despite volatility in the Indian stock market due to the US-Iran war buzz, investors' interest in state-owned bank stocks remained upbeat. The Nifty PSU Bank index extended its weekly winning streak to a third consecutive week, signalling Dalal Street's confidence in the segment's growth prospects. Finishing four of the last five trading sessions higher, the index recorded a weekly gain of 5.45%, the biggest weekly gain since October 2024. In October 2024, the Nifty PSU Bank index had rallied 7.87%.
Post-Budget 2026, PSU bank major SBI's share price has risen from Rs.1,028 to Rs.1,216 apiece, logging over 18% rise. IDBI share price has risen from around Rs.100 to Rs.112.50 per share, logging around 12.50% gain in th...
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