Nifty PSU Bank hits fresh 52-week low; BOB touches over 2-yr low of Rs 126

Nifty PSU Bank index hit a fresh 52-week low of 2,672 in the intra-day deal today, falling 26% in past four months as compared to 1.6% decline in Nifty 50 index.

Shares of public sector undertaking (PSU) banks are trading lower for the fourth straight trading days with Nifty PSU Bank index hitting fresh 52-week low on the National Stock Exchange (NSE) on Friday.

At 12:23 pm; Nifty PSU Bank index, the second largest loser among sectoral indices, was down 1.2% at 2,675 as compared to 0.39% decline in the Nifty 50 index at 10,642 points. The PSU Bank index hit a fresh 52-week low of 2,672 in the intra-day deal, has fallen 26% in past four months. In comparison, the benchmark index declined 1.6% during the same period.