Quick Wrap: Nifty PSU Bank Index declines 1.74%

Nifty PSU Bank index ended down 1.74% at 2845.4 today. The index is down 10.00% over last one month. Among the constituents, Indian Bank slipped 3.21%, Syndicate Bank fell 2.54% and Bank of India dropped 2.14%. The Nifty PSU Bank index is down 18.00% over last one year compared to the 4.15% surge in benchmark Nifty 50 index. In other indices, Nifty Energy index is down 1.67% and Nifty Pharma index has slid 1.63% on the day. In broad markets, the Nifty 50 has declined 0.50% to close at 10888.8 while the SENSEX is down 0.41% to close at 36395.03 today.

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