Quick Wrap: Nifty PSU Bank Index declines 2.86%

Nifty PSU Bank index ended down 2.86% at 2570.95 today. The index is up 1.00% over last one month. Among the constituents, Union Bank of India slipped 5.05%, Syndicate Bank fell 4.74% and Bank of India dropped 4.67%. The Nifty PSU Bank index is down 13.00% over last one year compared to the 10.20% surge in benchmark Nifty 50 index. In other indices, Nifty Metal index is down 2.60% and Nifty Media index is down 2.36% on the day. In broad markets, the Nifty 50 is down 0.45% to close at 11994.2 while the SENSEX is down 0.31% to close at 40675.45 today.

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