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Tag Archives: PSU Bank stocks

Nifty PSU Bank Index - Price action rallied after recapitalization plan

PSU Banks – Price action shows the Optimism of Government Stimulus

By Trading Predator October 25th, 2017 No Comments

On pleasant Wednesday morning, when traders just started the day, markets took them to edge of their seat. Government owned banks rallied massively, NSE Nifty PSU Bank Index (Index composed of major PSU banks and tracks the overall performance of PSU Banking sector) soared 24% intraday. Bank Nifty Index, SBI, PNB, Bank of India and