Quick Wrap: Nifty PSU Bank Index registers a drop of 3.55%

Nifty PSU Bank index closed down 3.55% at 3167.05 today. The index has lost 2.00% over last one month. Among the constituents, Syndicate Bank fell 6.20%, Union Bank of India dropped 6.09% and Andhra Bank slipped 5.80%. The Nifty PSU Bank index has decreased 4.00% over last one year compared to the 16.22% spike in benchmark Nifty 50 index. In other indices, Nifty Media index has slid 2.95% and Nifty Consumption index has slid 2.26% on the day. In broad markets, the Nifty 50 has slid 0.54% to close at 11520.3 while the SENSEX has declined 0.40% to close at 38157.92 today.

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