Quick Wrap: Nifty PSU Bank Index gains 2.85%

Nifty PSU Bank index ended up 2.85% at 2953.3 today. The index has slipped 11.00% over last one month. Among the constituents, Union Bank of India rose 4.55%, Punjab National Bank gained 3.95% and Bank of Baroda jumped 3.78%. The Nifty PSU Bank index has soared 3.00% over last one year compared to the 3.84% increase in benchmark Nifty 50 index. In other indices, Nifty Infrastructure index gained 1.98% and Nifty Pharma index added 1.52% on the day. In broad markets, the Nifty 50 added 0.66% to close at 11222.05 while the SENSEX increased 0.61% to close at 37318.53 today.

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