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Nifty PSU Bank

Avdhut Bagkar Mumbai

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Nifty PSU Bank index has surged close to 8 per cent in last three sessions, setting five months high surpassing previous significant barrier. Technically, the current momentum indicates a rally to reach a new all-time high. 

On Tuesday, Punjab National Bank and Bank of India both soared over 3 per cent, while Bank of Baroda and Canara Bank gained 2 per cent, respectively. Nifty PSU Bank index was seen trading robustly, up 1.81 per cent.

Technically charts of selective banks reveal a resilient momentum that could see new highs in the coming sessions. 

First Published: Jul 04 2023 | 11:26 AM IST

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