Shares of public sector enterprises as well as state-owned banks settled over 12 per cent higher on Monday as benchmark indices touched record highs a day after exit polls predicted a third term for the Prime Minister Narendra Modi-led government.
Public sector units’ indices jumped to fresh peaks during intra-day, in tandem with the benchmark barometers that hit new records.
The Nifty PSU Bank Index climbed 620.15 points or 8.40 per cent to settle at 8,006.15. During the day, it witnessed a steep surge and reached an all-time high of 8,053.30.
Shares of Bank of Baroda jumped 12.08 per cent to close at Rs 296.90 apiece, Central Bank of India at Rs 72.30 each, State Bank of India at Rs 909.05, Canara Bank at Rs 128.90, UCO Bank at Rs 61.85 on the NSE.
Further, the scrip of Indian Bank rose 6.93 per cent to settle at Rs 606.85 per piece, and Indian Overseas Bank at Rs 73.20 on the bourse.
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