The Nifty PSU Bank index saw a second consecutive day of gains on November 25, with a surge of 7 percent. This increase was driven by strong performances from major players such as State Bank of India, Central Bank of India, Punjab National Bank, and Bank of Baroda.
The positive market sentiment can be attributed to the BJP-led Mahayuti alliance's victory in the Maharashtra state elections. Despite concerns about the declining popularity of the NDA, investors seemed to overlook these worries. During the same period, the benchmark indices Sensex and Nifty also experienced gains of up to 5 percent, indicating a strong market environment.
Notably, shares of Central Bank of India, Indian Bank, UCO Bank, PNB, and SBI saw increases ranging from 3 to 7 percent on November 25, making the Nifty PSU Bank the top-performing sector among various indices.