NIFTYPSUBANK · NSE
Nifty PSU Bank
Index · View only — not on the trading terminal
₹8,317.55
+0.66% (+₹54.75)
Prev. close
₹8,262.8
Volume
13,37,42,691
As of
18 Sept 2026
Price history
Sunil Subramaniam · Sense and Simplicity · 23 May 2026
“Sunil Subramaniam remains more positive on public sector banks (PSBs) compared to private lenders. He suggests that the recent rally in private banks was primarily driven by short covering rather than genuine buying conviction from foreign institutional investors (FIIs), indicating a preference for PSBs going forward.”
Tracked vs “private lenders” — comparator series unavailable
Analyst sentiment
Analysts lean bearish
9 analyst stances · last 90 days · one per analyst
Trackable
7 · 3 bull / 0 neutral / 4 bear
Long-Horizon
none in window
Commentary
2 · 2 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Remains cautious on PSU banks, insurance, steel, downstream energy, consumer staples, telecom, healthcare, industrials, …” | BofA Securities AnalysisBofA Securities | Nifty PSU Bank | PENDING | |
| “Bullish on specific sectors including BFSI (especially Public Sector Banks), discretionary consumption, pharma, capital …” | Dhiraj RelliHDFC Securities | Nifty PSU Bank | PENDING | |
| “Assigned a Sell rating to Bank of Baroda with a target price of Rs 245, which indicates no upside. This rating is part o…” | Goldman Sachs AnalysisGoldman Sachs Group Inc. | Nifty PSU Bank | PENDING | |
| “Bullish on select Defence, IT, PSU Banks, Metals, Pharma, Healthcare, and Auto sectors, expecting them to perform well i…” | Sudeep ShahSBI Securities | Nifty PSU Bank | NOT GRADED | |
| “Bearish on Public Sector Banks (PSU banks) due to significant earnings headwinds from the upcoming wage settlement in No…” | Jefferies AnalysisJefferies | Nifty PSU Bank Index | PENDING | |
| “Was extremely bullish on public sector banks (PSBs), believing they were deeply undervalued and poised for a cyclical re…” | Rakesh JhunjhunwalaIndependent | Nifty PSU Bank Index | HIT | |
| “Maintain a cautious bias on PSU Banks due to a bearish Marubozu candle, a daily MACD bearish signal crossover, and a fai…” | Anand JamesGeojit Investments Limited | Nifty PSU Bank | NOT GRADED |
Market commentary · 2 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Commodity-linked stocks, including Metals, Realty, and rate-sensitive financials, are expected to remain in focus and re…” | Santosh MeenaSwastika Investmart Ltd | Nifty PSU Bank | PENDING | |
| “Sentiment for Indian equities remains resilient, underpinned by an improved outlook for H2, recovery in rainfall, and be…” | Vinod NairGeojit Investments Limited | Nifty PSU Bank | NOT GRADED |
Index metrics
As of 19 Sept, 05:37 IST
Open
8,292.55
Day High
8,320.7
Day Low
8,258.2
Prev. Close
8,262.8
52W High
9,918.65
52W Low
7,241.5
P/E
7.48
P/B
1.15
Div. Yield
0.77%
Member stocks today
How many of this index's member stocks rose or fell today — a broad move and a few-heavyweights move look very different here.
9
Rose
3
Fell
0
Flat
Composition
12 stocks · 9 advanced · 3 declined
Member stocks, ranked by index weight — heaviest first.
Top weight: SBIN · 63.5% (free-float mcap share, estimate — not NSE’s published weight)
SBIN
State Bank of India · Financial Services
63.5%
₹996.2
+0.76%
BANKBARODA
Bank of Baroda · Financial Services
6.7%
₹234.94
+1.14%
CANBK
Canara Bank · Financial Services
6.4%
₹123.78
-0.10%
PNB
Punjab National Bank · Financial Services
6.2%
₹117.27
+0.69%
UNIONBANK
Union Bank of India · Financial Services
5.3%
₹176.56
-0.86%
INDIANB
Indian Bank · Financial Services
4.6%
₹839.8
-0.08%
BANKINDIA
Bank of India · Financial Services
2.6%
₹140
+1.32%
MAHABANK
Bank of Maharashtra · Financial Services
2.6%
₹83.54
+3.39%
CENTRALBK
Central Bank of India · Financial Services
0.8%
₹31.73
+4.38%
IOB
Indian Overseas Bank · Financial Services
0.7%
₹32.17
+0.22%
UCOBANK
UCO Bank · Financial Services
0.4%
₹23.75
+0.68%
PSB
Punjab & Sind Bank · Financial Services
0.1%
₹22.1
+1.10%
ETFs tracking this index
7 funds
Index levels are informational only, not investment advice.
Baroda BNP Paribas Dynamic Term Regular Plan A-IDCW Quarterly
The Baroda BNP Paribas Dynamic Term Regular Plan A-IDCW Quarterly fund aims to generate income through debt and money market instruments. As of December 9, 2020, its NAV was 10.64, showing a 0.18% change. The fund invests in government securities and corporate bonds from various financial and material sectors.
Indian Overseas Bank Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter
Univest · 19 hours ago
Up to 7% savings account interest rate: Check latest rates offered by Canara Bank, Bank of India and IDFC FIRST Bank
The Economic Times · 19 hours ago
Bank of Maharashtra Issues USD 500 Million Senior Unsecured Notes at 6.112% Coupon | MTN Programme
PSU Connect · 19 hours ago
9 PSU banks including Canara Bank, Indian Bank to merge with SBI, PNB, Bank of Baroda? PIB debunks fake Ga
The Economic Times · 22 hours ago
9 PSU banks including Canara Bank, Indian Bank to merge with SBI, PNB, Bank of Baroda? PIB responds
economictimes.com · 22 hours ago
Banking sector stocks today, September 17: CSB Bank falls 4.40%; Bank of Maharashtra gains 2.67%, Bank of India up 1.66%
Business Upturn · 2 days ago
State Bank of India Stock Update: SBIN Rises 0.69% on Positive Sector Mood
State Bank of India (SBIN) stock rose 0.69% to ₹998.20 in early intraday trade, extending gains amid positive sentiment in the banking sector. The upward movement is partly attributed to the impending IPO of the National Stock Exchange, where SBI is a selling shareholder. The bank is also expanding its wealth management services.
PNB Share Price Rises 1.83% to ₹116.8: Punjab National Bank Approaches Key Resistance - Risk Reversal
siam.in · 2 days ago
India Debunks Fake Gazette Claiming Nine PSB Merger Scheme
India's government has debunked a fake gazette notification that claimed a merger scheme involving nine public sector banks. The false document had been circulating, causing confusion regarding the banks' status. This clarification aims to address misinformation about potential consolidations.
InvestingPro predicted 50% drop in Punjab & Sind Bank shares By Investing.com
Investing.com India · 4 days ago
Indian Bank Plans Insurance, Asset Management Ventures, Eyes Overseas Expansion
Indian Bank plans to enter the life insurance and asset management sectors, seeking board approval before engaging partners and regulators. The bank also intends to expand its international presence by opening a representative office in Dubai and exploring opportunities in Malaysia and Indonesia. These moves aim to diversify revenue and strengthen its market position.