Nifty PSU Bank Tanks 1.94% Mid-Session As All 12 Stocks Trade in Red
By Shishta Dutta | Published at: Jun 19, 2025 01:38 PM IST
Mumbai, June 19, 2025 (11:28 AM IST): The Nifty PSU Bank index witnessed a broad-based selloff in mid-session and tanked 1.92%, or 133.10 points and was trading at 6,741.55 as of 12:30 PM. All 12 constituent stocks of the index were trading in red, marking a complete sector-wide decline amid weak sentiment in public sector lenders.
Index Overview (as of 12:30 PM, June 19th)
| Metric | Value |
|---|---|
| Last Price | 6741.55 |
| Day’s Change | -133.10 pts |
| % Change | -1.94% |
| Opening Value | 6862.40 |
| Day’s High | 6874.70 |
| Day’s Low | 6734.50 |
| Previous Close | 6874.65 |
| 52-Week High | 7542.55 |
| 52-Week Low | 5530.35 |
| Traded Volume | 6.66 Cr shares |
| Traded Value | ₹10,819.89 Cr |
The index is currently over 0.44% below its 52-week high and over 8.13% lower on a year-over-year basis.
Stock-Wise Snapshot (as of 12:30 PM, June 19th)
| Stock | Price (₹) | Change (₹) | % Change | 30D % Chg | 1Y % Chg |
|---|---|---|---|---|---|
| SBI | 785.50 | -6.40 | -0.81% | -0.39% | -6.27% |
| Bank of Baroda | 231.58 | -4.93 | -2.08% | -1.45% | -17.68% |
| Canara Bank | 105.03 | -3.19 | -2.95% | +0.24% | -11.21% |
| Union Bank | 139.08 | -5.04 | -3.50% | +5.22% | -1.99% |
| Indian Bank | 614.90 | -13.75 | -2.19% | +2.80% | +16.41% |
| Punjab National Bank | 103.15 | -2.33 | -2.21% | +4.53% | -18.00% |
| UCO Bank | 30.05 | -0.93 | -3.00% | -3.76% | -44.93% |
| Central Bank of India | 37.13 | -0.92 | -2.42% | -0.42% | -41.40% |
| Indian Overseas Bank | 36.80 | -0.85 | -2.26% | -4.32% | -43.53% |
| Bank of Maharashtra | 53.36 | -1.12 | -2.06% | +2.58% | -16.99% |
| Punjab & Sind Bank | 30.15 | -0.82 | -2.65% | -1.65% | -49.68% |
| Bank of India | 114.90 | -4.78 | -3.99% | +1.48% | -2.08% |
Sector Trend and Market View
The fall in PSU banks contrasts with a stable benchmark; the Nifty 50 was down just 0.05% at 24,800.55. Investor caution around government-owned lenders appears to be driven by continued profit booking and macroeconomic headwinds impacting credit growth and capital efficiency.
With weak technicals and sector-specific concerns, PSU banks are facing resistance despite some having posted positive 30-day returns. Indian Bank (+16.41% YoY) remains the only bright spot on an annual basis.
Future Outlook
Unless buying emerges in heavyweight names like SBI or PNB later in the day, the Nifty PSU Bank index looks set to close with steep losses, further distancing itself from its 52-week high.
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