PSU Bank index rose the most in 2022. Will this trend continue in 2023?

PSU Bank index surged 71 per cent in CY22, recording the highest-ever gain since it debut in 2011

Public Sector undertakings (PSU) Bank index was the best performer among key indices for the calendar year 2022 (CY22), with its highest-ever gains of 70.66 per cent, despite the overall stock market witnessing a bumpy road. 

In CY22, the benchmark indices, the BSE Sensex and Nifty 50 surged 4.44 per cent and 4.33 per cent, respectively, while Nifty Bank index gained 22 per cent. The Nifty PVT (private) Bank index added 21.15 per cent in the same year.

While the PSU Bank index narrowly missed recording a new historic peak in 2022 by 23 points. It's all-time high is at