Quick Wrap: Nifty PSU Bank Index records a surge of 2.66%, NIFTY climbs 1.08%

Nifty PSU Bank index ended up 2.66% at 2628.25 today. The index has lost 8.00% over last one month. Among the constituents, Union Bank of India rose 5.70%, Canara Bank gained 3.79% and State Bank of India added 3.20%. The Nifty PSU Bank index has increased 64.00% over last one year compared to the 30.95% spike in benchmark Nifty 50 index. In other indices, Nifty Metal index increased 2.32% and Nifty Private Bank index added 1.94% on the day. In broad markets, the Nifty 50 added 1.08% to close at 17166.9 while the SENSEX increased 1.09% to close at 57684.79 today.

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