Nifty PSU Bank Stock ALERT! SBI, PNB, Canara Bank - Analyst maintains target on these shares; ongoing correction is BUYING OPPORTUNITY
Out of 13 stocks on Nifty PSU Bank, 2 advanced while 11 declined. The gainers were Indian Bank and J&K Bank while biggest loser was Indian Overseas Bank (IOB) which fell by almost 5.5% around this time followed by Central Bank which was down 4.8%. Among the PSU Bank heavyweights, SBI was down almost 2% around this time from the last closing
Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking said that the current weakness is on the back of overall weakness in the stock markets