PNB, Kotak Mahindra Bank, other bank stocks rise up to 2% after RBI’s rate hike, Nifty Bank above 55,500

Bank stocks gained up to 2% on Wednesday after RBI Governor Sanjay Malhotra announced the MPC’s decision to hike interest rates for the first time in four years, helping the Nifty Bank index gain even as the broader market slipped into the red.The Nifty Bank index gained more than 147 points to 55,2