Indian markets ended the truncated week in red as U.S. tariff concerns weighed on sentiment, erasing prior gains. Nifty and Bank Nifty showed bearish signals, with key EMA levels under pressure, while rollover data indicated cautious optimism despite weak banking sector performance.
PSU bank stocks soar up to 8%, but HDFC, Axis and other private lenders fall up to 5% after Q2 results. Why the sharp divide?
PSU bank stocks surged up to 8% on Monday, led by Punjab National Bank after its Q2FY27 earnings beat estimates. In contrast, private lenders such
October 19, 2026