Despite the day’s decline, the PSU Bank index has delivered strong returns over the medium term, gaining 20.33% in three months and 15.98% in six months.
State Bank of India (SBI) was the most active stock by value, falling 0.47 per cent to ₹946.55, with a turnover of ₹852.49 crore. Punjab National Bank (PNB) declined 0.83 per cent to ₹118.80, while Indian Bank dropped 1.09 per cent to ₹803.95. Among the gainers, Canara Bank rose 0.44 per cent to ₹146.73, emerging as the second-most active stock with a turnover of ₹260.68 crore.
The index recorded a trading volume of 919.62 lakh shares worth ₹1,881.93 crore. Maharashtra Bank was the most active by volume, with 227.18 lakh shares changing hands, followed by Canara Bank and Union Bank of India.
Despite the day’s decline, the PSU Bank index has delivered strong returns over the medium term, gaining 20.33 per cent in three months and 15.98 per cent in six months. The index is up 25.79 per cent year-to-date and has rallied 385.02 per cent over five years. It trades at a price-to-earnings ratio of 8.45 and price-to-book ratio of 1.34.
Market analysts noted that PSU banks remained range-bound while private banks provided stability to the broader Bank Nifty index. The benchmark indices saw profit booking at higher levels on Wednesday, with the Nifty ending 46 points lower and the Sensex down 32 points. The IT sector outperformed with a 0.69 per cent gain, while PSU banks were the worst performers among sectoral indices.
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Published on December 4, 2025
