PSU Bank Stocks Hammered As Merger Announcement Fails To Enthuse

The merger, largely expected to reduce costs and improve banking efficiency, seems to have ruffled a feather with the market participants as the Nifty PSU Bank index lost significantly (-5.44) as compared to the broader market Nifty, which lost a just 98.85 points, or 0.87%
Source: Today Deals

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