PSU Bank index

September seasonality weighs on SBI, other PSU bank stocks. Should you buy, hold or sell?

by
September seasonality weighs on SBI, other PSU bank stocks. Should you buy, hold or sell?

September seasonality revealed that the Nifty PSU Bank index was a laggard, ending the month with declines on seven occasions in the last 10 years. Three scrips in the 12-stock index have given a dismal performance, falling more times than the index itself. These are Bank of India (BoI), State Bank of India (SBI) and … Read more

F&O traders went long on HDFC Bank, short on SBI in August series

by
F&O traders went long on HDFC Bank, short on SBI in August series

HDFC Bank witnessed a short covering in the August series while a significant short build up was seen in SBI as the Bank Nifty gained 0.5%, settling at 50,889 mark while the PSU Bank index was down by 2.6%. The Nifty 50 index gained 3.1%, settling at 25,152 witnessing a 77% rollover for the next … Read more