The Nifty PSU Bank index climbed more than 2% on Monday, driven by a sharp 3–5% rally in Bank of Baroda and Canara Bank shares following their strong Q2 FY26 earnings and supportive policy news.

Shares of Canara Bank Ltd. surged to the highs of the day, gaining as much as 3% after the lender reported improved asset quality in the September quarter.

Shares of Canara Robeco Asset Management Company (AMC) made a strong stock market debut on October 16, 2025, listing at Rs 280.25 per share on the NSE, a 5.36% premium over its IPO price of Rs 266.