Quick Wrap: Nifty PSU Bank Index records a surge of 3.50%

Nifty PSU Bank index ended up 3.50% at 3427 today. The index has added 12.00% over last one month. Among the constituents, Bank of India jumped 10.15%, Indian Overseas Bank added 6.09% and Union Bank of India rose 5.73%. The Nifty PSU Bank index has increased 20.00% over last one year compared to the 2.59% fall in benchmark Nifty 50 index. In other indices, Nifty Auto index increased 1.24% and Nifty FMCG index has slid 1.03% on the day. In broad markets, the Nifty 50 has declined 0.42% to close at 17656.35 while the SENSEX has declined 0.48% to close at 59543.96 today.

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