PSU Bank Index Surges 3%: SBI Hits 52-Week High on Strong Q3 Results

• Nifty PSU Bank Index jumped 3.34%, with all 12 constituent stocks closing in the green.
• SBI led the rally, surging 8% to a new 52-week high of Rs 1,150 after reporting record Q3 profit of Rs 21,028 crore.
• Brokerage firms increased target prices for SBI following better-than-expected December quarter results.
• Other PSU banks like Indian Bank and Bank of India also saw gains.
• Bank Nifty maintained a bullish chart structure, with support at 60,000 and resistance at 60,900.