31 Oct 2025 | 3 Mins Read
PSU bank stocks surge up to 6% after SEBI's new Bank Nifty rules
Flipitmoney
Shares of PSU banks rallied 2-6% with Union Bank of India leading the gains after SEBI notified new Bank Nifty rules, capping top constituent weight at 20% and ensuring a minimum 14 constituents. The top three constituents, HDFC Bank, ICICI Bank, and SBI, will see a gradual weight reduction. Yes Bank and Indian Bank may be added to the index.