PSU Bank Stocks Bounce Back: Bank of Maharashtra, IDBI Bank Lead Intraday Gains

The Indian market opened lower on November 18, breaking a 6-day winning streak due to global pressures. However, the PSU Bank sector stood out as the only gainer, continuing its positive run for the third day in a row.

Top Gainers: Bank of Maharashtra, IDBI Bank, Central Bank

Bank of Maharashtra was the biggest mover, rising nearly 1.65% to ₹60.90 on the BSE.
IDBI Bank and Central Bank followed, gaining around 1.37% and 1.36% during the intraday session.

Other PSU Banks Also Turn Positive

Despite weak sentiment, several other PSU bank stocks moved higher. Bank of Baroda climbed 0.69%, touching an intraday high of ₹289.65. Punjab and Sind Bank and UCO Bank also gained 0.52% and 0.89%, respectively.

On the flip side, Union Bank slipped 0.2% and Indian Overseas Bank fell 0.1%, making them the top losers in the pack.

The Nifty Midcap Index also hit a fresh all-time high. PSU Banks and Auto were the top-performing sectors.

Read More: Income Tax Returns AY 2025-26, 5 Tips for Taxpayers.

Conclusion

PSU bank stocks continue to show resilience even in a weak market, supported by solid earnings and strong sector momentum. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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