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where to bet on market: Clean books, robust SBI results prompt traders to place bet on public banks


“The open interest in Bank of Baroda futures by number of shares is at a lifetime high and in SBI it is at the highest since September 2020,” said Siddarth Bhamre, director-alternative investments and research at InCred Equities. “If SBI crosses the previous lifetime high, then it can see a substantial upside. SBI shares, which rose 2.4% to close at Rs 411 on Monday, touched a lifetime high of ?427.70 on February 18 this year.
Nifty PSU Bank index gained 2% to close at 2,398.15 on Monday, with Punjab National Bank, Central Bank,
Indian Bank, Union Bank and SBI gaining 2-5%.
In the ongoing May series, SBI s shares are up 14.6% while Bank of Baroda s shares are up nearly 22%. Punjab National Bank s shares are up 13.5% during the same period. ....

Suresh Ganapathy , Siddarth Bhamre , Nifty Privare Bank Index , Central Bank , Punjab National Bank , Union Bank , Macquarie India , சுரேஷ் கணபதி , சித்தார்த் பம்ரே , மைய வங்கி , பஞ்சாப் தேசிய வங்கி , தொழிற்சங்கம் வங்கி , மக்வரீ இந்தியா ,