Quick Wrap: Nifty PSU Bank Index declines 1.14%

Nifty PSU Bank index ended down 1.14% at 4995 today. The index is up 5.00% over last one month. Among the constituents, Union Bank of India shed 2.60%, Indian Bank dropped 2.26% and Punjab National Bank fell 2.18%. The Nifty PSU Bank index is up 26.00% over last one year compared to the 8.59% surge in benchmark Nifty 50 index. In other indices, Nifty Metal index is down 0.90% and Nifty Media index is down 0.87% on the day. In broad markets, the Nifty 50 recorded a gain of 0.14% to close at 19811.85 while the SENSEX recorded a gain of 0.14% to close at 66023.24 today.

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