New Delhi, Feb. 18 -- PSU banking stocks continued to ride the bull wave for the third straight session on Wednesday, February 18, even as the broader markets remained range-bound. After rising 2.11% in the previous session, the Nifty PSU Bank index advanced another 1.54% to hit a fresh record high of 9,647, taking its three-day cumulative gain to nearly 5.22%.

All 12 constituents of the index were trading higher, led by Punjab National Bank, which jumped 3% to the day's high of Rs.128.4 apiece. Indian Overseas Bank, Punjab & Sind Bank, Bank of Maharashtra, Union Bank of India, UCO Bank, and Canara Bank also traded with gains of over 2%.

Notably, Bank of Maharashtra, Union Bank of India, Indian Bank, and Bank of India reached fresh 52-w...