QUICK WRAP: NIFTY PSU BANK INDEX DECLINES 3.57%, NIFTY TUMBLES 1.17%

Nifty PSU Bank index ended down 3.57% at 6655.05 today. The index is down 4.00% over last one month. Among the constituents, Indian Bank slipped 5.00%, Canara Bank shed 4.45% and State Bank of India dropped 4.43%. The Nifty PSU Bank index is up 42.00% over last one year compared to the 25.98% surge in benchmark Nifty 50 index. In other indices, Nifty PSE index is down 2.01% and Nifty Bank index has dropped 1.74% on the day. In broad markets, the Nifty 50 has dropped 1.17% to close at 24852.15 while the SENSEX is down 1.24% to close at 81183.93 today.

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