PSU lenders climb 7% in a week. Here are 3 forces behind the rally, but is it time to buy?

Indias public sector banks are witnessing a strong rally, driven by renewed foreign investor interest, speculation over higher FII limits, and improving balance sheets. The Nifty PSU Bank index has surged nearly 7% in a week, reflecting optimism about policy support and financial strength, though analysts caution the momentum may not last.