Quick Wrap: Nifty PSU Bank Index rises 5.40%, NIFTY jumps 1.57%

Nifty PSU Bank index closed up 5.40% at 3970.15 today. The index is up 5.00% over last one month. Among the constituents, Union Bank of India gained 8.30%, UCO Bank jumped 8.09% and Punjab & Sind Bank added 6.81%. The Nifty PSU Bank index is up 52.00% over last one year compared to the 6.65% surge in benchmark Nifty 50 index. In other indices, Nifty Metal index added 3.55% and Nifty Bank index increased 2.13% on the day. In broad markets, the Nifty 50 witnessed a rise of 1.57% to close at 17594.35 while the SENSEX added 1.53% to close at 59808.97 today.

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