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 domestic equity indices ended at a record high level on Friday, rising for the second day in a row. The Nifty closed above the 25,750 mark. Barring the Nifty PSU Bank index, all the other sectoral indices on the NSE ended in the green.

Indices end at new peak; Nifty tops 25,750; Sensex breaches 84k

Mirae Asset MF on ETF: Schemes aim to generate returns commensurate with the performance of the Nifty PSU Bank Total Return Index, subject to tracking error

Mirae Asset MF expands ETF offerings with metal and PSU bank funds

The domestic equity benchmarks concluded a volatile trading session with modest gains on Thursday. The market was buoyed by the US Federal Reserve’s decision to cut interest rates by 50 basis points and its indication of further rate reductions. However, the substantial rate cut also sparked concerns about a potential global slowdown, leading to profit booking in mid-cap and small-cap stocks. The Nifty50 settled above the 25,400 level. Private banks and FMCG stocks were among the top performers, while media, energy, and public sector banks witnessed selling pressure. The volatility in the market was further amplified by the weekly expiry of futures and options contracts.

Nifty closes above 25,400 amid volatile trade, broader indices tumble

The NFO of Mirae Asset PSU Bank ETF will be open for subscription from September 24 to September 30 and will reopen for continuous sale and repurchase on October 3. Mirae Asset Nifty Metal ETF is an open-ended scheme that replicates/tracks the Nifty Metal Total Return Index, while Mirae Asset Nifty PSU Bank ETF replicates/tracks the Nifty PSU Bank Total Return Index.

Mirae Asset Mutual Fund launches two passive funds

Analysts link the index’s decline to a major drop in Vi’s stock price after the SC rejected telecom companies’ plea to re-evaluate AGRs, while also affirming the govt’s existing AGR demands.

Nifty PSU Bank declines 2% amid Vodafone Idea’s AGR concerns

​So, if you analyse why money supply or deposit growth in the last two years has not kept pace with the amount of credit that has got created, it becomes very clear that partly it is because of the external account where capital flows have not been that strong, but mostly is because RBI has gone from maintaining an excess liquidity situation into a liquidity shortfall.

PSU banks brace for CASA recovery as fixed deposit rates decline: Santanu Chakrabarti

Bank Nifty prediction for September 17, 2024: Bearish bias with public sector banks underperforming, futures likely to appreciate towards resistance levels.

Bank Nifty prediction today – Sep 17, 2024: Outlook is positive for the index, retain the longs

Stock market trading strategy: The NIFTY PSU Bank Index is currently showing a downtrend in the near term, indicating a temporary pullback within its overall long-term bullish trend

Nifty Financial Services in ‘overbought’ zone; PSU Bank eyeing pullback: Stock market trading strategy

Union Bank of India is quoting at Rs 123.91, up 3.1% on the day as on 12:49 IST on the NSE. The stock is up 25.29% in last one year as compared to a 26.02% jump in NIFTY and a 29.1% jump in the Nifty PSU Bank index.

Union Bank of India up for third straight session

Finance Ministry directs Public Sector Banks to pilot new MSME credit assessment model, aiming to boost sector growth and sustainability.

FinMin asks PSBs to undertake pilot of new credit assessment model for MSMEs

The domestic equity barometers ended with minor losses on Friday. The benchmark Nifty 50 index closed below the 25,400 mark. FMCG and oil & gas sectors faced selling pressure, while realty, media, and PSU bank stocks gained ground. Global equity markets remained largely positive, buoyed by US macroeconomic data suggesting that inflation may be under control. However, weaker-than-expected US labor market data tempered some of this optimism. Domestic sentiment was supported by daily FII inflows and a decline in US 10-year Treasury yields.

Benchmarks end slightly lower; NSE VIX drops below 13 mark

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