5 PSU bank stocks rally up to 4% after reporting March quarter updates. Check details

Strong deposit and advance growth for PSU banks indicates improving fundamentals and potential for better NIMs. This performance is notable given the current market volatility and rising bond yields.

Look for continued momentum in PSU bank stocks with strong Q4 updates; maintain stop-losses below recent support levels.

For Indian markets, this story mainly matters for BANKBARODA, MAHABANK and the Banking, PSU pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Reported positive growth figures in deposits and advances for March quarter. Reported positive growth figures in deposits and advances for March quarter. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Nifty PSU Bank Index rose 0.5% on Monday, defying a broader market decline.
• •Several lenders reported strong March quarter business updates.
• •Banks like Bank of Baroda and Bank of Maharashtra saw significant gains.
• •Positive growth figures in deposits and advances were reported.
• •The resilience was noted despite rising bond yields.