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Nifty PSU Bank
Nifty PSU Bank Performance
-
Open
7,000.25
-
High
7,168.10
-
Low
6,980.95
-
Prev Close
6,977.50
-
Dividend Yeild
2.08%
-
P/E
8.07
Nifty PSU Bank Chart
Stocks Performance
Color code for Stocks Performance
- 5% and above
- 5% to 2%
- 2% to 0.5%
- 0.5% to -0.5%
- -0.5% to -2%
- -2% to -5%
- -5% and below
Constituent Companies
| Company | Market Cap | Market Price | Volume | Sector |
|---|---|---|---|---|
| State Bank of India | ₹767026 Cr |
₹859.7
(1.59%)
|
15068990 | Banks |
| Bank of Baroda | ₹134740 Cr |
₹260.57
(2.92%)
|
13563455 | Banks |
| Canara Bank | ₹98507 Cr |
₹108.63
(2.97%)
|
26147127 | Banks |
| UCO Bank | ₹60342 Cr |
₹50.39
(0.55%)
|
6404748 | Banks |
| Union Bank of India | ₹97939 Cr |
₹128.33
(2.81%)
|
10563116 | Banks |
Nifty PSU Bank Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|
Under Performing
| Sector Name | Percentage Change |
|---|
Nifty PSU Bank
The Nifty PSU Bank index is like the other indices you will easily find under the National Stock Exchange of India. It can capture the performance of all the PSU Banks. The PSU or Public Sector Banks are qualified for inclusion within the index subject. It can help fulfill all other inclusion criteria, such as the trading frequency and listing history.
The Nifty PSU Bank index is computed with the free-floating market capitalization process. Also, the index level reflects the overall free-float market value of the stocks within the index relative to a specific market capitalization value. You can use the Nifty PSU Bank index for many reasons.
Some of these reasons are for launching all the index funds, structured items, benchmarking fund portfolios, and ETFs.
Nifty PSU Bank Scrip Selection Criteria
Here is a list of eligibility criteria for the Nifty PSU Bank
● All the public sector banks have to rank under the top 800 according to their full market capitalization and daily turnover based on their past 6-month records.
● Companies also need to have an outstanding share capital of 51%. This share capital should be held by the State Government and Central Government, either indirectly or directly.
● The trading frequency should be around 90% during the last 6 months. Besides that, it's also crucial for the companies to have a 6-month listing history. Companies that come out with the IPO will be qualified for the index inclusion only when it completes all the eligibility criteria for the 30-month index rather than the 6 months on.
● When it comes to the final selection for all the companies will be conducted according to the company's free-float marketing capitalization.
● The weightage of all the stocks present under the index will get calculated based on the stock's free-float market capitalization. Doing so will prevent the stocks from being over 33%, and the weightage of the top three stocks will not be over 62% when rebalancing occurs.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| India VIX | 14.45 | 0.08 (0.54%) |
| Nifty 10 Yr Benchmark G-Sec | 2447.16 | 5.62 (0.23%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 894.8 | 1.91 (0.21%) |
| Nifty 100 | 25428.4 | 35.15 (0.14%) |
| Nifty 100 Equal Weight | 32585 | 61.05 (0.19%) |
Faqs
Where should people purchase the Nifty PSU Bank shares?
When you have decided to buy shares of Nifty PSU Banks, you should do so from a well-known and registered brokerage firm. These brokerage firms are available online, making it much easier for you to purchase the shares without hassle. But before making the purchase, please research a brokerage firm that suits your needs.
How much is the share price of Nifty PSU Bank shares?
It's difficult to tell the exact share price for the Nifty PSU Bank shares. It's mainly because the volatility and company share prices keep changing due to the market conditions. This means the share price for the Nifty PSU Bank of today will not be the same tomorrow. So, it will be much better to check share prices quickly before it changes again. Remember, because of the market conditions, the share price will either go up or down.
What is the PE ratio of Nifty PSU Bank?
Just like the share prices, there might also be changes in the PE ratio. You need to check the PE ratio of the Nifty PSU Bank from the site of a registered brokerage firm. But as of December 8th, 2022, the latest PE ratio of the Nifty PSU Bank is 10.73.
What is the market capitalization of the Nifty PSU Bank?
The market cap or market capitalization is decided after you multiply the existing market price of a business's share by the total number of outstanding shares. At present, the market cap of Nifty PSU Bank is INR 0.00.
What exactly is the 52-week low and high of the Nifty PSU Bank?
The 52-week low is INR 2283.85, and the 52-week high is INR 4287.75.
Latest News
- Dec 04, 2024
The Indian equity markets experienced a mixed session on December 4, as benchmark indices Sensex and Nifty ended in a narrow range after erasing early gains due to volatility. While PSU banks and realty stocks outperformed, auto and FMCG sectors dragged the market.
- Dec 04, 2024
The Baroda BNP Paribas Children's Fund - Direct (G) is a unique investment scheme designed to help parents plan and secure their children’s financial future. This mutual fund offers a structured approach to long-term wealth creation, focusing on generating returns through a diversified portfolio of equity and debt instruments.
- Dec 04, 2024
The Adani Group, led by billionaire Gautam Adani, has reportedly sought a settlement with the Securities and Exchange Board of India (SEBI) regarding allegations of violating public shareholding regulations. According to a report by the Economic Times (ET), SEBI issued notices to several Adani entities, including Adani Enterprises, Adani Power, Adani Ports, and Adani Energy, accusing them of misclassifying certain shareholdings.
- Dec 04, 2024
The Samco Multi Asset Allocation Fund - Direct (G) is a dynamic investment vehicle designed to optimize returns across varying market conditions by strategically allocating assets among equities, debt, gold, and silver. Leveraging the proprietary R.O.T.A.T.E. (Return on Tangible Assets Through Economic Cycles) model, the fund adjusts its portfolio in real-time to capitalize on growth opportunities and manage risks effectively.
Latest Blogs
Nifty Prediction for 05th December 2024 After a choppy session on Wednesday, the Nifty index managed to close on a positive note at 24,467.45, registering a modest gain of 0.04%. Key gainers included HDFC Bank, Apollo Hospitals, NTPC, and HDFC Life, while major laggards were Bharti Airtel, Cipla, and Bajaj Auto, which fell nearly 2% during the day.
- Dec 04, 2024
The Property Share REIT IPO allotment status date is 05th December 2024. Currently, the allotment status is not available. It will be updated once the allotment process is finalized. Please check back later for the latest updates on the Property Share REIT IPO allotment status.
- Dec 04, 2024
Highlights 1. Mazagon Dock Shipbuilders shares have shown remarkable performance, doubling investor wealth in 2024. 2. Defence stocks in India rallied significantly following the DAC's approval of major acquisition proposals. 3. DAC ₹ 21,772 crore acquisition approval is set to bolster the order books of leading defence companies. 4. Mazagon Dock stock split 2024 aims to increase liquidity & attract more retail investors.
- Dec 04, 2024
Summary Suraksha Diagnostic IPO has closed with a moderate response from investors, achieving a final subscription of 1.27 times by December 3, 2024 at 6:19:07 PM (Day 3). The public issue demonstrated varied investor interest across categories, with the Qualified Institutional Buyers (QIB) segment leading the momentum.
- Dec 04, 2024
