NIPPON INDIA ETF PSU Bank BeES objective is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX PSU Bank Index

Nippon India ETF Nifty PSU Bank BeES

Kotak PSU Bank ETF objective is to provide returns that closely correspond to the total returns of CNX PSU Bank Index, subject to tracking errors

Kotak Nifty PSU Bank ETF

ICICI Prudential Nifty PSU Bank ETF aims to provide returns that closely correspond to the total returns of the Nifty PSU Bank Index, subject to tracking errors

ICICI Prudential Nifty PSU Bank ETF

DSP Nifty PSU Bank ETF seeks to match the returns of the Nifty PSU Bank Index, primarily investing in equity of PSU banks.

DSP Nifty PSU Bank ETF

HDFC NIFTY PSU BANK ETF aims to replicate the performance of the Nifty PSU Bank Index by investing in public sector bank stocks.

HDFC NIFTY PSU BANK ETF

The Nifty PSU Bank Index is currently positioned in a manner where buying on dips presents the most favourable trading strategy for near-term traders.

Nifty Fin Services, PSU Bank: Check support, resistance & other levels here

Several lenders have classified loans to Mahanagar Telephone Nigam (MTNL) as non-performing assets, leading the state-run telecom utility to propose a debt recast plan. MTNL’s offer to pay 40% of dues was rejected by lenders. The company faces significant financial challenges, including missed payments and heavy debt.

‘Navratna’ MTNL offers to pay 40% dues; PSU banks hang up

Canara Bank is quoting at Rs 101.83, down 1.5% on the day as on 13:19 IST on the NSE. The stock jumped 41.45% in last one year as compared to a 24.47% rally in NIFTY and a 34.98% spurt in the Nifty PSU Bank index.

Canara Bank down for fifth straight session

The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average: nifty psu bank index

Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

The Nifty PSU Bank index, the top loser among sectoral indices, was down 1.1 per cent at 6,581.40, as compared to the 0.16 per cent rise in the Nifty 50 at 11:14 AM on Monday.

PSBs extend fall after Goldman Sachs downgrades SBI; Canara, UBI down 3%

At 10:30 IST, the barometer index, the S&P BSE Sensex, shed 23.38 points or 0.03% to 81,160.55. The Nifty 50 index lost 12.10 points or 0.05% to 24,840.05.

Broader mkt underperforms; PSU banks slide

The Enforcement Directorate has attached assets worth over Rs 5,000 crore in a bank loan fraud case involving the insolvent Amtek Group. The action follows the arrest of promoter Arvind Dham and reveals the use of shell companies to divert loans and create bogus assets, causing significant losses to public sector banks.

Bank fraud: ED attaches Amtek Group’s assets worth over Rs 5,000 cr

After performing well for a period of almost two years, PSU banks have been lately under performing. While it is normal that after a phase of out performance a sector witnessing some consolidation and even might under performer. But in the case of PSU banks, the fear is that it might end up becoming a sector which under performs for a long time. But everything has to be looked into in context. Yes, banking as a sector there are short term headwinds. The question is whether those headwinds are cyclical in nature or they are permanent in nature and which part of the operating matrix of banks is going to get hit by these headwinds. Understanding headwinds probably helps in taking better decisions when it comes to a sector like banking.

PSU banks: Short term headwinds, provide long term opportunity: 9 PSU banks stocks, 6 with an upside potential 36% to 48% in next 1 year

Quick Wrap: Nifty PSU Bank Index declines 3.57%, NIFTY Tumbles 1.17%

All sectoral indices on the NSE declined, with the Nifty PSU Bank being the top loser.

Nifty, Sensex Log Worst Selloff Since August Ahead Of Key US Jobs Data: Market Wrap

All sectoral indices traded lower with Nifty PSU Bank falling the most by 2.7%.

Stock Market Today: Nifty, Sensex Log Worst Selloff Since August Ahead Of Key US Jobs Data

Nifty PSU Bank Index is designed to reflect the performance of the public sector banks. The rescheduling of index constituents happens bi-annually every year.

Nifty PSU Bank Index