PSU Banks Rise, Private Lenders Fall After Q2 Results

• Shares of public sector banks increased up to 8% due to strong Q2 results from Punjab National Bank.
• Private sector lenders dropped up to 5% as HDFC Bank, Axis Bank, and ICICI Bank earnings disappointed investors.
• The Nifty PSU Bank index rose over 2%, while the Nifty Private Bank index fell over 1%.
• The Nifty Bank index traded slightly lower.
• The disparity in performance is attributed to differing Q2 financial results.