PSU bank stocks tumble up to 10% as early counting trends lower than exit poll predictions

June 4, 2024

PSU bank stocks dropped up to 10% on BSE as BJP-led NDA led in early election trends, defying exit polls. Central Bank, Union Bank, Canara Bank, PNB, and others saw significant declines. Analysts favor private banks like ICICI and HDFC amid political uncertainty.

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Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari

Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and

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