Quick Wrap: Nifty Bank Index falls 1.02%

Nifty Bank index closed down 1.02% at 58800.3 today. The index has slipped 1.00% over last one month. Among the constituents, ICICI Bank Ltd dropped 1.95%, Canara Bank slipped 1.90% and Union Bank of India fell 1.86%. The Nifty Bank index has soared 21.00% over last one year compared to the 9.26% increase in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index has dropped 1.01% and Nifty Financial Services index is down 0.87% on the day. In broad markets, the Nifty 50 is down 0.30% to close at 25157.5 while the SENSEX has slid 0.33% to close at 81909.63 today.

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