Quick Wrap: Nifty PSU Bank Index records a surge of 2.70%

Nifty PSU Bank index ended up 2.70% at 1477.7 today. The index has added 1.00% over last one month. Among the constituents, State Bank of India rose 4.23%, Bank of Baroda jumped 3.18% and Indian Overseas Bank gained 2.90%. The Nifty PSU Bank index has decreased 42.00% over last one year compared to the 3.50% spike in benchmark Nifty 50 index. In other indices, Nifty Media index increased 2.37% and Nifty Auto index increased 2.03% on the day. In broad markets, the Nifty 50 has declined 0.12% to close at 11308.4 while the SENSEX has slid 0.10% to close at 38369.63 today.

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