Friday, September 22, 2023

 PSU bank shares made a robust comeback on September 22 after a bruising selloff in the previous session after JPMorgan’s decision to include Indian bonds in its emerging-market index boosted investor sentiment.


The #NiftyPSUBank index was trading 1.79% up at 5,128.25. All its 12 components were trading in the green, led by #UnionBank (up 4.25 %), #canarabank (3.06%) and #IndianBank (2.69%).

JPMorgan Chase & Co said on September 22 it will add Indian government bonds to its benchmark emerging-market index (GBI-EM) starting June 28, 2024.
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