PSU banks surge. Don't rush to buy the shares on a bounce, caution analysts Shares of public sector banks (PSBs) bounced back on Tuesday with Bank of India surging 14 per cent on reports of recovery of Rs 70 billion in non-performing assets (NPAs). The rub-off effect was seen across the board as Nifty PSU Bank index, the largest gainer among sectoral indices, gained five per cent compared to around 0.35 per cent rise in the Nifty 50 index in intra-day deals. READ MORE   Emkay Global on HEG   We recently met the HEG Ltd management to understand the recent developments in the Graphite Electrode (GE) industry and to gain insights into the company. We foresee further scope for improvement.   HEG's debt has dropped to Rs2bn, which is likely to be NIL in Q4FY18 itself. The company has been evaluating capacity expansion by 20ktpa depending on Needle Coke availability. Growth and diversification are also options for cash usage.   Technology deterrence, physical set-up barrier and limited Needle Coke supply will restrict any new capacity addition at least for next 2-3 years. Therefore, we believe both offtake and realization will continue to be robust and sustainable for the next few years.  Buzzing stock   GAIL (India) Ltd is up 20.53% in last one year as compared to a 15.11% spurt in NIFTY and a 21.61% spurt in the Nifty Energy index. Bajaj Electricals hits record high; zooms 111% in one year   Bajaj Electricals hit a record high of Rs 624, up 8.6% on the BSE in noon deal, surpassing its previous high of Rs 585 recorded on January 5, 2018 in intra-day trade.   The company engaged in household appliances business has outperformed the market by surging 111% in past one year, as compared to 17.5% rise in the S&P BSE Sensex. Since February 7, 2018, after December quarter (Q3FY18) results, it rallied 28% against 0.18% decline in the benchmark index. READ MORE Europe Trade European equities opened mixed, as investors monitored corporate earnings and awaited the release of US inflation data later in the day.   The pan-European Stoxx 600 was little changed from the previous session shortly after the opening bell, with sectors and major bourses pointing in opposite directions. InterGlobe Aviation skids on report DGCA grounds A320neo aircraft   InterGlobe Aviation fell 1.62% to Rs 1,256.45 on BSE after India's aviation regulator reportedly grounded the company's eight A320Neo planes with faulty Pratt & Whitney engines.