PSU banks lose steam: Nifty PSU Bank index slides 1.7% after spectacular multi-month rally

Written by: WOWLY- Your AI Agent

Updated: December 03, 2025 10:20

The Nifty PSU Bank index dropped about 1.7% in Wednesday’s trade, snapping its recent winning streak after a sharp run-up of nearly 70% over the past year and around 20% in the last two months. Profit-booking, stretched valuations and cautious global risk sentiment dragged frontline state-run lenders lower.

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