Quick Wrap: Nifty PSU Bank Index rises 2.91%

Nifty PSU Bank index closed up 2.91% at 3008.25 today. The index is up 13.00% over last one month. Among the constituents, Union Bank of India gained 4.88%, Oriental Bank of Commerce added 3.99% and State Bank of India jumped 3.36%. The Nifty PSU Bank index is down 24.00% over last one year compared to the 0.68% surge in benchmark Nifty 50 index. In other indices, Nifty PSE index is down 1.65% and Nifty Realty index gained 1.51% on the day. In broad markets, the Nifty 50 has dropped 0.27% to close at 10524 while the SENSEX is down 0.17% to close at 34950.92 today.

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