Home / Business and Economy / PSU Banks Surge: Index Gains 1.68% Today
PSU Banks Surge: Index Gains 1.68% Today
20 Feb
Summary
- Nifty PSU Bank index rose 1.68% today, ending at 9665.8.
- The index has gained 10.00% over the past month.
- PSU Bank index has increased 60.00% over the last year.
The Nifty PSU Bank index concluded trading today with a notable increase of 1.68%, reaching a value of 9665.8. This positive performance extends over a longer period, with the index having accumulated a 10.00% gain in the preceding month.
Among the individual banks comprising the index, Canara Bank saw a jump of 3.17%, Punjab National Bank added 2.77%, and Union Bank of India gained 2.35%.
In a year-to-year comparison, the Nifty PSU Bank index has demonstrated remarkable growth, increasing by 60.00%. This performance significantly surpasses that of the benchmark Nifty 50 index, which experienced a more modest rise of 11.60% over the same timeframe.
Other market indices also showed positive movement. The Nifty Energy index increased by 1.37%, and the Nifty Metal index rose by 1.25% today. In the broader market, the Nifty 50 index climbed 0.46% to close at 25571.25, while the SENSEX recorded a 0.38% increase, settling at 82814.71.
