Why did the Nifty PSE index fall today?

The Nifty PSE index fell today due to significant declines in major public sector stocks like GAIL, BPCL, and Power Grid.

How has the Nifty PSE index performed against the Nifty 50?

The Nifty PSE index has underperformed the Nifty 50 over the last year, with the PSE index falling while the Nifty 50 surged.

Home / Business and Economy / Public Sector Undertakings Slump: Nifty PSE Index Falls

Public Sector Undertakings Slump: Nifty PSE Index Falls

28 Nov

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Summary

Nifty PSE index declined 0.65% to 9744.3 today.
GAIL, BPCL, and Power Grid stocks saw significant drops.
The PSE index underperformed the Nifty 50 over the past year.

The Nifty PSE index experienced a downturn today, closing 0.65% lower at 9744.3. This marks a 3.00% decrease over the last month and a 4.00% decline over the past year. Prominent public sector stocks like GAIL (India) Ltd, Bharat Petroleum Corporation Ltd, and Power Grid Corporation of India Ltd were among the day's biggest losers, with GAIL shedding 4.19%.

In contrast to the public sector index's performance, other market segments showed positive movement. The Nifty Auto index gained 0.62% and the Nifty Pharma index rose by 0.59%. Broader market indices, the Nifty 50 and SENSEX, saw slight dips of 0.05% and 0.02% respectively.

The underperformance of the Nifty PSE index over the last year, which has fallen 4.00% while the benchmark Nifty 50 surged 9.57%, highlights a significant divergence in market trends for public sector undertakings compared to the broader equity market.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.