Quick Wrap: Nifty PSU Bank Index records a surge of 3.07%, NIFTY climbs 1.38%

Nifty PSU Bank index ended up 3.07% at 3888.6 today. The index has lost 10.00% over last one month. Among the constituents, Bank of Baroda jumped 6.20%, Canara Bank rose 4.00% and State Bank of India gained 3.05%. The Nifty PSU Bank index has increased 27.00% over last one year compared to the 1.67% spike in benchmark Nifty 50 index. In other indices, Nifty Financial Services index increased 2.36% and Nifty Bank index gained 2.04% on the day. In broad markets, the Nifty 50 increased 1.38% to close at 17854.05 while the SENSEX witnessed a rise of 1.52% to close at 60841.88 today.

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