PSU Bank Index Hits High as Nifty Ends Above 25,700
PSU banks led a selective rally as Nifty closed above 25,700 on February 23, 2026, while IT remained weak and more than 110 stocks touched fresh 52-week highs.
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PSU banks led a selective rally as Nifty closed above 25,700 on February 23, 2026, while IT remained weak and more than 110 stocks touched fresh 52-week highs.
IDFC First Bank stayed sharply lower through afternoon trade after reporting a Rs 590 crore Haryana government-linked account discrepancy, with the stock among the day’s top movers.
Nifty held above 25,650 in afternoon trade as the US Supreme Court tariff verdict supported risk sentiment, lifting private banks and Reliance while IT stocks stayed weak.
A Jefferies downgrade tied to AI disruption risk extended the Nifty IT decline, with Infosys, TCS, HCL Tech and Tech Mahindra trading weak intraday.
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