Nifty PSU Bank Index Shares 8Feb21 Chart Strength 19Aug16 Chart Strength
Allahabad Bank   4
Andhra Bank   7
Bank of Baroda

6

2
Bank of India 7 9
Bank of Maharashtra 1 strongest  
Canara Bank 9 6
Central Bank of India 10  
IDBI Bank   5
Indian Bank 5  
Indian Overseas Bank 3 12
Jammu & Kashmir Bank 4  
Oriental Bank of Commerce   10
Punjab National Bank 4 3
State Bank of India 2 1 strongest
Syndicate Bank   8
UCO Bank 8  
Union Bank of India 11 11
Above 200-dma 91.7% 91.7%

Note
The Nifty PSU Bank Index constitutes stocks from public sector that are given above.

  • Stocks trading above 200 day moving average  laughing
        Shares are shown in blue colour
  • Stocks trading below but close to 200 day moving average smile
        Shares are shown in orange colour
  • Stocks trading much below 200 day moving average frown
        Shares are shown in red colour

Nifty PSU Bank Sector Trend

5 February 2021
Nifty PSU Bank index is trading above 50 day and 200 day moving average.
Out of 12 Nifty PSU Bank index stocks 11 are trading above 200-dma.
That means 92% of PSU Bank Sector stocks are trading above 200-dma.
Private Banks are outperforming and PSU Banks are attempting catchup.
Mounting non-performing asset (NPA) is a big problem for this sector.
Interest rate cut by RBI will boost this sector.

Outperformers: Bank of Maharashtra, State Bank of India, Indian Overseas Bank, Jammu & Kashmir Bank.
Underperformers: Union Bank of India, PNB, Central Bank of India.


Related topics
Bank
Bank – NSE
Private Bank NSE
Public Sector Undertakings – Banking