VERIFIEDET Markets·19 Oct 2026neutral

PSU bank stocks soar up to 8%, but HDFC, Axis and other private lenders fall up to 5% after Q2 results. Why the sharp divide?

AI Summary

·PSU bank stocks surged up to 8% on Monday, with Punjab National Bank leading the gains.
·Axis Bank and HDFC Bank fell up to 5% despite reporting profit growth in their Q2 results.
·The Nifty PSU Bank index gained over 2%, while the private-sector bank index declined.