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PSU bank stocks dominated the spotlight on Dalal Street, continuing their rally for the second consecutive day on November 25
PSU bank stocks rise today
PSU bank stocks dominated the spotlight on Dalal Street, continuing their rally for the second consecutive day on November 25, with gains of up to 7 per cent over the past two days in a buoyant market. This surge follows strong market sentiment after the BJP-led Mahayuti alliance’s decisive victory in the Maharashtra state elections, with investors brushing aside concerns about the NDA’s diminishing popularity.
Over the two-day period, the Nifty PSU Bank Index emerged as the top-performing sector, outpacing all other indices. Meanwhile, benchmark indices Sensex and Nifty rose by up to 5 per cent during the same timeframe.
Individually, shares of Central Bank of India, Indian Bank, UCO Bank, PNB, Bank of Baroda, SBI, and others saw increases ranging from 3 to 7 per cent on November 25.
Analysts at Emkay Research noted that the Mahayuti victory is a positive development for Maharashtra, as a unified state and central government should accelerate stalled infrastructure projects and resolve other pending issues.
Elara Securities also expressed optimism, suggesting that the BJP’s resurgence in state elections, following its setback in the Lok Sabha elections, would help ease investor concerns about the government’s policy focus and development agenda.
The brokerage further stated, “Concerns over slow government spending, particularly on capex, are likely behind us, as the next two elections in 2025—Delhi and Bihar—are not expected to dominate political attention as much as Maharashtra and Haryana did. This should benefit capital goods and PSU stocks, as government contract awards are expected to gain momentum.”
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
