PSU stocks surge up to 11% as Maharashtra election results boost market sentiment

PSU stocks experienced a strong rally on Monday following the BJP-led Mahayuti alliance's victory in the Maharashtra Assembly elections. Shares of Bank of Baroda, Indian Bank, HPCL, PFC, IRFC, and others surged between 3% and 11%. PSU Railway stocks led the gains, with RITES rising 11%, while PSU Bank stocks like Central Bank of India saw gains of over 8%.