You are here: Home » News-CM » Equities » Market Report
Business Standard

Quick Wrap: Nifty PSU Bank Index declines 2.87%

Capital Market 

Nifty PSU Bank index ended down 2.87% at 1396.5 today. The index is down 3.00% over last one month. Among the constituents, State Bank of India slipped 4.51%, Central Bank of India dropped 2.97% and Bank of India fell 2.58%.

The Nifty PSU Bank index is down 42.00% over last one year compared to the 2.50% surge in benchmark Nifty 50 index. In other indices, Nifty Bank index is down 2.10% and Nifty Pharma index increased 1.90% on the day. In broad markets, the Nifty 50 has slid 0.35% to close at 11278 while the SENSEX is down 0.45% to close at 38193.92 today.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, September 09 2020. 16:01 IST