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PSU shares shine as benchmark indices erase losses

PSU stocks index is up 2.8% with many shares posting strong gains. Nalco is up 11%, Hudco is up 9%, KIOCL and SJVN are up 7% each, Indian Bank is up 6%, and RITES is up 6%. PSU oil stocks are also climbing with BPCL and HPCL up 6%. LIC is up 5%, IRCON is up 5%, and NBCC is up 5%. Infrastructure stocks are gaining as the index is up 1.7%, IRB is up 10%, Oil India is up 4%, ONGC is up 3%, and GAIL is up 2%.