Quick Wrap: Nifty PSU Bank Index records a surge of 1.95%

Nifty PSU Bank index ended up 1.95% at 2621.15 today. The index has added 2.00% over last one month. Among the constituents, Oriental Bank of Commerce jumped 4.25%, Canara Bank rose 3.20% and Bank of Baroda gained 2.62%. The Nifty PSU Bank index has decreased 10.00% over last one year compared to the 10.80% spike in benchmark Nifty 50 index. In other indices, Nifty IT index increased 1.71% and Nifty Metal index gained 1.55% on the day. In broad markets, the Nifty 50 increased 0.41% to close at 12043.2 while the SENSEX witnessed a rise of 0.43% to close at 40850.29 today.

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