Nifty PSU Bank Surges 3.73% as 12 of 12 Stocks Advance
MarketPulse summary: Nifty PSU Bank rose 3.73% (320.25 points) to 8,905.35. Across 12 listed PSU Bank stocks, 12 advanced and 0 declined.
📊 Key Numbers
🎯 What Happened
The Nifty PSU Bank index staged a powerful rally, closing at 8905.35 with a gain of 3.73%, or 320.25 points, over the previous close of 8585.1. This was not a move driven by one or two heavyweights. All 12 stocks in the NSE-listed universe advanced, with none declining or unchanged, giving a breadth score of 100. For an ordinary investor, that reading signals a clean sweep: gains were shared across the group rather than concentrated in a narrow pocket.
Large lenders led the charge. The top 10 stocks by market capitalisation rose 3.42% on average, well ahead of the 1.13% average gain in smaller stocks. The market-cap weighted change of 3.28% was below the index’s 3.73% rise, while the median stock gained 4.02%, showing that the typical lender had a strong session even as the biggest names set the pace. Union Bank of India topped the gainers with a 5.6% jump, followed by Punjab National Bank at 5.27%. Bank of India added 4.53%, Bank of Baroda 4.46% and Indian Bank 4.35%.
The laggards still finished higher, underlining the breadth of the move. Indian Overseas Bank rose just 0.71%, while UCO Bank and Punjab & Sind Bank gained 0.92% each. Central Bank of India advanced 1.33% and Bank of Maharashtra 1.74%.
Next, watch whether the index holds above 8905.35 and whether breadth remains close to 100. The gap between large-cap and smaller-stock gains is another key marker: a narrowing gap would show the rally spreading further, while a widening one would keep the spotlight on the leaders.
🏢 Large Caps vs Smaller Stocks
🚀 Top Gainers
| Stock | LTP | Change |
|---|---|---|
| UNIONBANKUnion Bank of India | ₹197.00 | +5.60% |
| PNBPunjab National Bank | ₹132.17 | +5.27% |
| BANKINDIABank of India | ₹145.00 | +4.53% |
| BANKBARODABank of Baroda | ₹260.01 | +4.46% |
| INDIANBIndian Bank | ₹933.70 | +4.35% |
📉 Top Losers
| Stock | LTP | Change |
|---|---|---|
| IOBIndian Overseas Bank | ₹31.12 | +0.71% |
| UCOBANKUCO Bank | ₹24.19 | +0.92% |
| PSBPunjab & Sind Bank | ₹20.81 | +0.92% |
| CENTRALBKCentral Bank of India | ₹31.23 | +1.33% |
| MAHABANKBank of Maharashtra | ₹87.68 | +1.74% |
Stock universe: all 12 NSE-listed PSU Bank companies with a price today, not only the official index constituents.
Data from NSE and public market sources, compiled automatically by MarketPulse. Figures may be delayed or revised. This is not investment advice.