Nifty PSU Bank Sector Analysis — Live Performance, Constituent stocks

Auto Refresh

Index overview

NIFTY PSU BANK

Current value

8,014.85 +77.05 (+0.97%)

Open: 8,003.05
High: 8,117.45
Low: 7,975.30
Previous close: 7,937.80

Breadth

12 Advances0 Declines

Chart View

Sector Detail

Data retrieved: 05 Oct 2026, 11:52 PM IST

	Company			Today Low/High
BANKBARODA	BANK OF BARODA	232.8	1.98 (0.86%)	231.93 237.32	230.82	1,08,02,904
BANKINDIA	BANK OF INDIA	133.5	4.02 (3.1%)	132 136.27	129.48	1,56,57,633
CANBK	CANARA BANK	118.5	0.14 (0.12%)	118.21 120.96	118.36	2,22,63,750
CENTRALBK	CENTRAL BANK OF INDIA	30.31	0.31 (1.03%)	30.02 30.56	30	44,78,354
INDIANB	INDIAN BANK	810	16.85 (2.12%)	801.75 817.9	793.15	10,43,196
IOB	INDIAN OVERSEAS BANK	31.35	0.97 (3.19%)	30.5 31.9	30.38	46,89,838
MAHABANK	BANK OF MAHARASHTRA	80.9	0.4 (0.5%)	79.85 82.4	80.5	1,31,14,830
PNB	PUNJAB NATIONAL BANK	112.35	2.78 (2.54%)	110.5 113.58	109.57	1,22,82,429
PSB	PUNJAB & SIND BANK	21.02	0.06 (0.29%)	20.92 21.38	20.96	9,07,370
SBIN	STATE BANK OF INDIA	958	3.9 (0.41%)	956 969.45	954.1	81,65,087
UCOBANK	UCO BANK	23.16	0.23 (1%)	22.96 23.9	22.93	70,10,331
UNIONBANK	UNION BANK OF INDIA	167.97	0.38 (0.23%)	165.68 171.09	167.59	79,66,548

About Nifty PSU Bank

Tracks listed public-sector banks and their sector performance.

Composition and weight-review schedules follow the applicable index-specific NSE Indices methodology.

Index definition and methodology: NSE Indices. Market prices are supplied by the NiftyTrader market-data service.

Related indices

Market information is provided for analysis and education, not personalised investment advice. To report a factual issue, use the correction contact form.

Understanding the Nifty PSU Bank Sector

What is Nifty PSU Bank?

SBI is a major Nifty PSU Bank constituent, but exact weights change over time. Use the current official factsheet for weight-based comparisons.

What drives Nifty PSU Bank

Government policy and budget announcements. PSU bank recapitalisation amounts, disinvestment plans (privatisation talk), and budget allocations affect the entire sector in single sessions.
Asset quality cycles. PSU banks have historically had higher NPA ratios than private banks. Improvements (lower slippages, higher recoveries) trigger sustained re-rating phases that can last 12-18 months.
Interest rate cycles. Same as private banks, but PSU banks are more rate-sensitive due to higher proportion of low-yielding bonds in their treasury books.
PSU re-rating themes. When investor sentiment toward PSU stocks broadly improves (typically during phases of expectations around privatisation or government capex), PSU banks rally as a group regardless of individual fundamentals.
SBI single-stock dominance. SBI carries enough weight (~25-30%) that its results, guidance and news consistently drive the index.

The PSU bank vs private bank divergence

PSU and private banks can alternate leadership across market cycles. Compare their returns over a disclosed period rather than relying on a fixed historical sequence.

Constituent stocks (illustrative weightage)

State Bank of India — ~28% weight
Bank of Baroda — ~12% weight
Canara Bank — ~10% weight
Punjab National Bank — ~10% weight
Union Bank of India — ~9% weight
Indian Bank — ~8% weight
Bank of India — ~6% weight
Bank of Maharashtra — ~5% weight
Central Bank of India — ~4% weight
Indian Overseas Bank — ~3% weight
UCO Bank — ~3% weight
Punjab & Sind Bank — ~2% weight

Related tools

Nifty Bank — full banking sector including private
Nifty Private Bank — private-only sub-sector for comparison
Nifty Financial Services — broader financial sector view

Why Traders Trust Us

Legal broker partnerships. We've been through every broker's security review and integration approval.
Read-only access. We can never place orders, see your funds, or touch your holdings — just market data.
Your password is yours. Login happens on your broker's site. We only get a revocable access token.
No data resale. Your trading data is not shared with third parties or used for marketing.

FAQs About Sector Analysis Nifty Psu Bank

Government policy announcements significantly affect PSU banks — recapitalisation amounts, disinvestment plans (privatisation talk), budget allocations, lending mandates and write-off provisions all move the sector. Union budgets historically produce some of the largest single-day moves in Nifty PSU Bank.

PSU banks have historically had higher NPA (non-performing asset) ratios, slower loan growth, less efficient operations, and government-influenced lending decisions compared to private banks. The market discounts these factors with lower price-to-book multiples — PSU banks typically trade at 0.5-1.5x book value vs private banks at 2-4x book value. This valuation gap can narrow during PSU re-rating phases.

State Bank of India dominates the weightage at around 28%, followed by Bank of Baroda at 12%, Canara Bank at 10% and Punjab National Bank at 10%. SBI alone drives nearly 30% of any Nifty PSU Bank move.

Nifty PSU Bank consists of 12 government-owned (public sector) banks: State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Indian Bank, Bank of India, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, UCO Bank and Indian Overseas Bank.