Quick Wrap: Nifty PSU Bank Index gains 3.49%

Nifty PSU Bank index closed up 3.49% at 2716.95 today. The index has gained 17.00% over last one month. Among the constituents, Union Bank of India added 10.58%, Jammu and Kashmir Bank Ltd jumped 8.40% and Oriental Bank of Commerce rose 6.41%. The Nifty PSU Bank index has fallen 7.00% over last one year compared to the 13.26% increase in benchmark Nifty 50 index. In other indices, Nifty Metal index gained 2.07% and Nifty Commodities index increased 1.22% on the day. In broad markets, the Nifty 50 witnessed a rise of 0.42% to close at 12151.15 while the SENSEX recorded a gain of 0.27% to close at 41130.17 today.

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