PSU Bank Shares Plunge After India Budget
Following the presentation of India’s Union Budget 2026 by Finance Minister Nirmala Sitharaman on 1 February 2026, shares of public sector banks (PSU Banks) witnessed a sharp decline, reflecting investor caution over the government’s ambitious borrowing plans. The Nifty PSU Bank index dropped nearly 7 per cent intraday, reaching a low of 8,387.95 points, compared […]
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