PSU Bank Stocks Rise Up to 8%, Private Banks Fall After Q2 Results
PSU bank stocks surged up to 8% on Monday, led by Punjab National Bank after its Q2FY27 earnings beat estimates. Meanwhile, private lenders like Axis Bank and HDFC Bank fell up to 5% despite reporting profit growth. The Nifty PSU Bank index gained over 2%, while the private-sector bank index declined, showing a sharp divide in market performance.
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