Thus going ahead, despite the strength in the broader markets the benchmark index would have to push harder to clear the hurdle of 18,000 -18,200.
Of late, ace equity investor Rakesh Jhunjhunwala bought a 1.59% stake in Canara Bank.
"Attractive valuation, divestment plans, economic recovery and fundraising have aided public sector lenders in the past one year," said Siddhartha Khe
Public sector lenders advanced up to 20% in Thursday’s trade amid reports that the government is likely to bring amendments to two legislations late