Nifty PSU Bank index m-cap crosses Rs 10 trillion in intra-day trade

The index hit an intra-day high of 4,145.45 before ending at 4,049, up 0.05%; m-cap at close was Rs 9.9 trillion

The market capitalisation of Nifty PSU Bank index constituents crossed Rs 10 trillion on an intra-day basis on Friday.

The index hit an intra-day high of 4,145.45 before ending the session at 4,049, a gain of 0.05 per cent. The combined market capitalisation at close stood at R 9.9 trillion.

The PSU bank index has outperformed both the Nifty and the Nifty Bank index by a huge margin so far in 2022. On a year-to-date (YTD) basis, the Nifty PSU Bank index has gained 60 per cent, against the Nifty Bank index's gain of 21 per cent. The Nifty during