Yahoo Equity Symbol Nifty PSU Bank Index Shares 19 Aug 16 Chart Strength
ALBK.ns Allahabad Bank 4
ANDHRABAN.ns Andhra Bank 7
BANKBAROD.ns Bank of Baroda 2
BANKINDIA.ns Bank of India 9
CANBK.ns Canara Bank 6
IDBI.ns IDBI Bank 5
IOB.ns Indian Overseas Bank 12
ORIENTBAN.ns Oriental Bank of Commerce 10
PNB.ns Punjab National Bank 3
SBIN.ns State Bank of India 1 strongest
SYNDIBANK.ns Syndicate Bank 8
UNIONBANK.ns Union Bank of India 11

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

Nifty PSU Bank index is trading above 20, 50, 100 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 underperforming.
Mounting non-performing asset (NPA) is a big problem for this sector.
Interest rate cut by RBI will boost this sector.

Outperformers: State Bank of India, Bank of Baroda, Punjab National Bank.
Underperformers: Indian Overseas Bank, Union Bank of India.

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