Let Y be an integral nodal projective curve of arithmetic genus $$g\ge 2$$ with m nodes defined over an algebraically closed field. Let n and d be mutually coprime integers with $$n\ge 2$$ and $$d > n(2g-2)$$. Fix a line bundle L of degree d on Y. We prove that the Picard bundle $$\mathbf{E}_L$$ over the ‘fixed determinant moduli space’ $$U_L(n,d)$$ is stable with respect to the polarisation $$\theta _L$$ and its restriction to the moduli space $$U'_L(n,d)$$, of vector bundles of rank n and determinant L, is stable with respect to any polarisation. There is an embedding of the compactified Jacobian $$\bar{J}(Y)$$ in the moduli space $$U_Y(n,d)$$ of rank n and degree d. We show that the restriction of the Picard bundle of rank ng (over $$U_Y(n,n(2g-1))$$) to $$\bar{J}(Y)$$ is stable with respect to any theta divisor $$\theta _{{\bar{J}}(Y)}$$.
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