Business Standard

Nifty PSU Bank index m-cap crosses Rs 10 trillion in intra-day trade

The index hit an intra-day high of 4,145.45 before ending at 4,049, up 0.05%; m-cap at close was Rs 9.9 trillion

stock markets, Nifty50
Premium

Analysts said improved earnings, higher credit growth and reduction of non-performing assets (NPA), have boosted the prospects of the PSU banks

BS Reporter Mumbai
The market capitalisation of Nifty PSU Bank index constituents crossed Rs 10 trillion on an intra-day basis on Friday.

The index hit an intra-day high of 4,145.45 before ending the session at 4,049, a gain of 0.05 per cent. The combined market capitalisation at close stood at R 9.9 trillion.

The PSU bank index has outperformed both the Nifty and the Nifty Bank index by a huge margin so far in 2022. On a year-to-date (YTD) basis, the Nifty PSU Bank index has gained 60 per cent, against the Nifty Bank index's gain of 21 per cent. The Nifty during

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in