Overview

• BankNifty traded at 56,611.70, up 0.75%, while the Nifty PSU Bank index rose about 1.5% by midday.
• Under the new ACC framework, three of SBI’s four managing directors will come from public sector banks, with one slot open to private‑sector candidates.
• SBI, PNB and UCO Bank advanced up to roughly 4% after the rule change, with every PSU bank constituent in positive territory.
• Foreign institutional investors turned buyers over the past three sessions, purchasing about Rs 2,830 crore after a 10‑day selling streak.
• By the close, the Sensex gained 328.72 points to 82,500.82 and the Nifty 50 added 103.55 to 25,285.35, led by financials.