Nifty PSU Bank Index Rallies 1.37% with All 12 Constituents in Green; Union Bank, BoM Lead Gains
By Shishta Dutta | Published at: Jun 30, 2025 10:00 AM IST
Mumbai, June 30, 2025, 09:41 IST: The Nifty PSU Bank index opened Monday with a notable surge, advancing 1.37% to reach 7,111.85. This represents a gain of 96.35 points from its previous close of 7,015.50. At 09:41 IST, all 12 public sector banks (PSUs) constituents within the index were trading in positive territory, signalling a broad-based positive sentiment for the sector. Union Bank of India, Bank of Maharashtra, and Bank of Baroda were among the leading gainers.
Index Performance Snapshot
| Metric | Value |
|---|---|
| Previous Close | 7,015.50 |
| Opening Value | 7,053.55 |
| Day High | 7,140.65 |
| Day Low | 7,046.85 |
| Last Traded Price | 7,111.85 |
| % Change | +1.37% |
| 52-Week High | 7,542.55 |
| 52-Week Low | 5,530.35 |
| Traded Volume | 4.26 crore |
| Traded Value | ₹617.72 crore |
Top Gainers in the Index (As of 09:41 IST)
| Stock | LTP (₹) | Change (₹) | % Change |
|---|---|---|---|
| Bank of Maharashtra | 55.42 | 1.12 | +2.06% |
| Bank of Baroda | 245.99 | 4.66 | +1.93% |
| Bank of India | 118.85 | 2.08 | +1.78% |
| Canara Bank | 112.89 | 1.91 | +1.72% |
| Central Bank of India | 39.87 | 0.67 | +1.71% |
| PNB | 108.08 | 1.74 | +1.64% |
| UCO Bank | 31.97 | 0.44 | +1.40% |
| Union Bank of India | 151.02 | 1.96 | +1.31% |
| IOB | 38.71 | 0.46 | +1.20% |
| Indian Bank | 634.00 | 7.20 | +1.15% |
| SBI | 812.30 | 6.90 | +0.86% |
| Punjab & Sind Bank | 32.21 | 0.11 | +0.34% |
Key Observations
- No decliners were recorded in the index as of 09:41 IST; all 12 PSU banking stocks posted gains.
- Bank of Maharashtra led with a 2.06% rally, followed closely by Bank of Baroda and Bank of India.
- Union Bank, trading just 4.8% below its 52-week high, maintained momentum with a 9.05% YoY gain.
- Indian Bank posted a strong 14.9% YoY return, trading 3.7% shy of its 52-week peak.
- SBI, the index’s heavyweight, gained 0.86% with a last traded price of ₹812.30.
Sectoral Outlook
The resilience shown by the PSU Bank index stands out, particularly amidst a slight downturn in the broader market, with the Nifty 50 trading down 0.14% at 25,602.8. This indicates sustained investor confidence in government-owned banks. The positive sentiment in the sector is attributed to factors such as improved credit growth visibility, strengthened provisioning buffers, and the expectation of continued government policy support.
What’s Ahead For Nifty PSU Bank?
The index’s broad-based rally signals strong institutional interest, backed by improving asset quality, robust credit growth, and policy optimism. If momentum sustains, a retest of the 7,200–7,300 resistance zone is likely to occur. Near-term upside hinges on quarterly results and global risk sentiment, while dips toward 6,950 may attract fresh buying. Investors may watch Union Bank and Indian Bank for leadership.
About Nifty PSU Bank Index
The Nifty PSU Bank Index comprises India’s top public sector banks listed on the NSE, including SBI, BoB, PNB, Canara Bank, and Union Bank. It represents a key benchmark for tracking performance in the government-owned banking segment.
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
