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Bank of India and Oriental Bank hit 52-week high: PSBs rally
April 24, 2017
- Shares of public sector banks (PSBs) were in focus with the Nifty PSU Bank index hitting 52-week high on the National Stock Exchange (NSE).
- Bank of India (BOI) and Oriental Bank of Commerce were up more than 3% each, hitting their respective 52-week high on the NSE.
- State Bank of India (SBI), Union Bank of India, Punjab National Bank, Andhra Bank, Syndicate Bank, Bank of Baroda (BOB), Canara Bank and Allahabad Bank from the index was up in the range of 2% to 3%.
- SBI, meanwhile, surpassed ONGC to become most valued public sector undertaking (PSU) stock in terms of market capitalization (m-cap) in intraday trade.
