Indian Public Sector Banks See Consecutive Session Gains Amid Market Rally

Shares of major Indian public sector banks showed gains in early trading, with Bank of Maharashtra and Punjab National Bank rising for a fifth consecutive session, while Canara Bank and Bank of India gained for a third straight session. These banks outperformed the broader NIFTY index and relevant sector indices over the past year and month. Trading volumes varied, and price-to-earnings ratios ranged from 6.99 to 9.45 based on trailing twelve months earnings.