Bulls Are Back, but Is It a Trap for Indian Retailers? Bank Nifty Surges After a Slump

Bank

Indian markets traded flat amid mixed global cues and cautious investor sentiment. The Sensex rose 63 points to end the day at 82,634, while the Nifty 50 closed 16 points higher at 25,212. The decline in the auto and metal industries was countered by gains in PSU banks and a few IT firms.

Punjab National Bank Rises 2% on Volume Surge

Punjab National Bank (₹114.97 | +2.06%)
PNB surged on high delivery volume and rising optimism in PSU banking. Buying interest returned as traders spotted short-term momentum.

  • 52-Week Range: ₹85.46 – ₹128.80
  • Volume: 383.41 Lakh shares
  • Market Cap: ₹1,31,651 Cr

Canara Bank Climbs Nearly 2% | Investor Interest Returns

Canara Bank (₹117.03 | +1.98%)
As PSU banks remained in focus, Canara Bank kept up its upward trajectory. The stock saw heavy accumulation at key support levels.

  • 52-Week Range: ₹78.60 – ₹119.30
  • Volume: 404.71 Lakh shares
  • Market Cap: ₹1,06,254 Cr

Bank of Baroda Advances 1.91% | Sectoral Tailwinds Support

Bank of Baroda (₹249.08 | +1.91%)
BoB gained ground amid steady flows into public lenders. The broader PSU pack showed signs of institutional buying.

  • 52-Week Range: ₹190.70 – ₹266.95
  • Volume: 131.58 Lakh shares
  • Market Cap: ₹1,28,762 Cr

SBI Gains 1.72% | Nifty Heavyweight Supports Index

State Bank of India (₹831.70 | +1.72%)
Bullish behavior at important moving averages allowed SBI to extend its gains. Being the biggest lender in India, it strengthened Nifty Bank.

  • 52-Week Range: ₹680.00 – ₹899.00
  • Volume: 164.59 Lakh shares
  • Market Cap: ₹7,41,190 Cr

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With PSU banks showing strong signs of recovery, investors are watching closely for Q1 results from large lenders. Volatility may persist, but sector rotation remains active with banks likely to hold strength in the near term.

Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.


Hero MotoCorp’s 5% Rally Isn’t Random — Find Out What’s Cooking

Indian stock markets snapped a four-day losing streak on July 15, 2025. Sensex rose 317 points, Nifty 50 gained 114 points amid buying in auto and pharma shares. Hero MotoCorp, Bajaj Auto, and Sun Pharma were top gainers.

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बहूनां जनमाणां अन्ते ज्ञानी मां प्रपद्यते।
After many births, the wise seek refuge in Me, knowing that I am everything.

📆 17th, July Celebrated as World Emoji Day

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