Buy PSU Bank ETFs for short-term gains of 10-15%: Analysts

Mumbai: Strong demand for the Canara Bank qualified institutional placement (QIP), depressed valuations and technical breakouts triggered a sharp rally in state owned banks Tuesday, with the Nifty PSU Bank index gaining over 7 per cent, its biggest advance since June 1.The rally in PSU banks is set to continue and investors can either buy PSU bank ETFs such as Nippon India ETF PSU Bank BeES or Kotak PSU Bank ETF for a shortterm return of 10-15