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Sensex Today | Stock Market LIVE Updates: Nifty PSU Bank index surges 3.50%; SBI extends gains to 7%

Published on 09/02/2026 11:55 AM

As investors evaluate the effects of an impending adjustment in deposit insurance costs that will go into effect on April 1, 2026, large private sector banks have come into focus in February. Stronger banks should see lower expenses and more profitability as a result of the change, which will bring earnings outlooks back into the spotlight.

The Nifty PSU bank index is on the rise, with a major uptick of 3%.

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As the Nifty 50 index trades with gains of over 160 points, these are some of the biggest contributors to this gain.

The Nifty Smallcap 100 index has bettered the performance of even the Nifty Midcap index as the smallcap index rose by over 2%.

The Nifty Midcap 100 index is up over 750 points as the larger markets outdo the benchmark indices.

Dharmesh Kant, Head-Research, Chola Securities

SBI

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Even though the broadcaster reported a subdued operating performance for Q3FY26, with profitability under pressure from a steep increase in costs, Sun TV Network Limited shares increased as high as 3.64% on Monday, February 9, ending a four-session losing streak.

 

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Nuvama Institutional Equities and Nirmal Bang Institutional Equities have cut their target prices for Jubilant Pharmova by 16% and 13%, respectively, to ₹1,300 and ₹1,175.

However, both brokerages have retained a ‘buy’ rating on the stock. At 0956 IST, shares of Jubilant Pharmova were down over 3% at ₹905.75 on the National Stock Exchange.

The shares of PSU Bank surged, adding to the gains of the Nifty Bank index at large.

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PFC already holds a 52.6% ownership position in REC. In light of the share swap at PFC’s current market prices to purchase the remaining REC stake, the Center’s present 56% interest in PFC will drop to 42%.

 

The shares of Patanjali declined by over 3% after the company saw a large trade of its shares.

EBITDA increased 81% to ₹571 crore from ₹315 crore in Q3, while revenue increased 15% year over year to ₹4,223 crore from ₹3,674 crore. The operating margin increased significantly from 8.6% to 13.5% in the previous year.

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Mitessh Thakkar, President – Retail Research, Bonanza Portfolio

Patanjali Large Trade | 53.60 Lk Shares (1.48% Eq) Worth ₹272 Cr Change Hands At An Avg ₹509/Sh Via Block Deals

 

The Nifty Bank index has surged over 500 points today, and SBI and Indusind Bank are among the top gainers.

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JKTyre up more than 5% on steady Q3

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