PSU bank stocks dropped up to 13% on BSE as BJP-led NDA led in early election trends, defying exit polls. Central Bank, Union Bank, Canara Bank, PNB, and others saw significant declines. Analysts favor private banks like ICICI and HDFC amid political uncertainty. Shares of the State Bank of India cracked 10%. Meanwhile, Punjab National Bank, Bank of Baroda, Canara Bank, and Bank of Maharashtra also shed between 9-10%.
PSU bank stocks tumble up to 10% as early counting trends lower than exit poll predictions
