The calendar year 2022 has been the best year in 5 years for the PSU bank stocks. In 2022, while there were broad-based gains in the banking pack, it was public sector banks that stole the show. State-owned banks gave their best-ever gains in at least a decade. The Nifty PSU Bank index rose 53% in 2022, the highest ever in a decade.With a recovery in growth and stable asset quality, brokerage firm ICICI Direct has revised target price of 3 PSU bank stocks. Here’s a list of 3 PSU bank stocks with revised target price that can rally up to 30%:
US stocks: S&P closes at record high as soft jobs report eases rate-hike concerns
The US stock market enjoyed a significant boost on Friday as the S&P closed at an all-time high. The unexpected rise in job losses led