PSU Bank Stocks Dip As Nifty PSU Bank Index Falls By 0.41%
By Ankur Chandra | Published at: Jun 10, 2025 07:19 PM IST
Mumbai, June 10, 2025: The Nifty PSU Bank Index fell by 0.41, or ₹29.75 and was trading at ₹7,178.70 at around 1:30 PM on Tuesday, June 10th, marking a decline from its opening price of ₹7,233.30. A key reason for the slight decline in the index is the mixed performance by PSU bank stocks during today’s market session.
The mixed performance of PSU bank stocks is attributed to the recent and ongoing sell-off of these stocks. Investors are booking profits as their prices have rallied in the last few weeks.
PSU banking stocks showed mixed performance during today’s trade:
| PSU Bank | Last Traded Price (in ₹) | % Change | ||
|
127.30 | -1.55% | ||
|
56.66 | -0.35 | ||
|
627.40 | -1.31 | ||
| Indian Overseas Bank | 40.37 | _0.47 | ||
| Punjab National Bank | 111.90 | -0.27 | ||
| Canara Bank | 118.10 | +0.34% | ||
| Punjab & Sindh Bank | 33.06 | -1.17% | ||
| Union Bank of India | 153.70 | -1.09% | ||
| Central Bank of India | 40.19 | -0.40 | ||
| State Bank of India | 818.20 | -0.24% | ||
| Bank of Baroda | 247.110 | -0.38% | ||
| UCO Bank | 33.10 | -0.15% |
The volume turnover for these PSU bank stocks remained robust, with Canara Bank leading in terms of traded shares with over 1.77 crore shares changing hands.
Yearly Performance Snapshot:
The Nifty PSU Bank index has shown strong growth despite today’s dip. The index has risen by approximately 15.03% over the past 30 days, although it remains slightly negative at -1.01% for the last 365 days.
Investors remain watchful of PSU banks amid fluctuating economic conditions and recent policy adjustments by the Reserve Bank of India.
About the Nifty PSU Bank Index:
The Nifty PSU Bank Index tracks the performance of public sector banks listed on the National Stock Exchange. The index reflects investor sentiment toward government-owned banks and responds to policy changes, interest rate adjustments, and credit growth trends.
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