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Open₹6,862.75
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Close₹6,953.35
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Day Range₹6,768.75- ₹6,958.30
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Year Range₹7,418.75- ₹3,899.50
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Nifty Psu Bank Share Price
Nifty PSU Bank
₹ 6,933.25
-20.10 (-0.29%)
Financial Performance
Nifty Psu Bank Companies List
Name
Last Price
Change
Open Price
Close Price
BANK OF INDIA
₹0
₹0
0
0
₹0
₹0
INDIAN BANK
₹0
₹0
0
0
₹0
₹0
INDIAN OVERSEAS BANK
₹0
₹0
0
0
₹0
₹0
PUNJAB NATIONAL BANK
₹0
₹0
0
0
₹0
₹0
PUNJAB & SIND BANK
₹0
₹0
0
0
₹0
₹0
CENTRAL BANK OF INDIA
₹0
₹0
0
0
₹0
₹0
BANK OF BARODA
₹0
₹0
0
0
₹0
₹0
CANARA BANK
₹0
₹0
0
0
₹0
₹0
BANK OF MAHARASHTRA
₹0
₹0
0
0
₹0
₹0
UCO BANK
₹0
₹0
0
0
₹0
₹0
UNION BANK OF INDIA
₹0
₹0
0
0
₹0
₹0
STATE BANK OF INDIA
₹0
₹0
0
0
₹0
₹0
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Key Indices in NSE
Frequently Asked Questions
What are the indices in Nifty Psu Bank ?
In the world of investments, risk and performance are interdependent. Hence, to know the desirability of a stock, we need to understand and study the risk involved. The Nifty Psu Bank Indices provide us with the benefit of studying the market stocks over a period of time to analyse the performance and risk associated with it. Stock market indices capture the behaviour of the overall Equity market.
All stock prices move for two sole reasons - news about company (closure of factory, product launch and such) or national news (weather, nuclear bombs, budget announcement and more). The indices capture the movements as per these two parameters through averaging. Indices are a source of information through which we can see how the market is faring. Nowadays, indices are all used for index funds and index derivatives. Index funds are those funds passively invest in the index while index derivatives allow altering risk exposure to an index (hedging) and implement forecasts and index movement (speculation). Lastly, indices are a benchmark for performance by fund managers. All equity funds beget returns like the overall index and a 50:50 debt:equity fund begets returns on 50% investment & 50% fixed income.
The Nifty Psu Bank indices are benchmark indices that list Nifty Psu Bank of the biggest companies listed in the NSE out of the total number - 1600 companies that are registered.
All stock prices move for two sole reasons - news about company (closure of factory, product launch and such) or national news (weather, nuclear bombs, budget announcement and more). The indices capture the movements as per these two parameters through averaging. Indices are a source of information through which we can see how the market is faring. Nowadays, indices are all used for index funds and index derivatives. Index funds are those funds passively invest in the index while index derivatives allow altering risk exposure to an index (hedging) and implement forecasts and index movement (speculation). Lastly, indices are a benchmark for performance by fund managers. All equity funds beget returns like the overall index and a 50:50 debt:equity fund begets returns on 50% investment & 50% fixed income.
The Nifty Psu Bank indices are benchmark indices that list Nifty Psu Bank of the biggest companies listed in the NSE out of the total number - 1600 companies that are registered.
Is Nifty Psu Bank a good investment?
The Nifty Psu Bank stocks are some of the top companies in the country, and by buying this, your portfolio looks well rounded as well as you become part owner of fantastic companies! Having said that, the index is just a measurement of the history and current performance of the stock market. While these are top companies, and the chances of their share price rising are good, the risk needs to be studied through the Nifty Psu Bank indices. In the past, the Nifty has seen losses and well as gains, both big. Blindly putting investments on it is never a good idea.
There are many ways to invest in Nifty Psu Bank that include Nifty stocks, futures, options & ETFs. They are known for good returns and being long term investments. Some fund managers like to make a well rounded portfolio and invest in the entire index fund, which means that all the returns earned by the index will be the same as the returns percentage you receive. In an entire index return, the good and bad get cancelled out, making overall gain chances better. For example, there is a fall in the share of one company, but a rise in another, these two will cancel each other out. There exist many index mutual fund investment strategies as well. You cannot buy the entire index directly, but buy each share on the index separately in equal quantities. This promises lower expense ratio and better market returns.
There are many ways to invest in Nifty Psu Bank that include Nifty stocks, futures, options & ETFs. They are known for good returns and being long term investments. Some fund managers like to make a well rounded portfolio and invest in the entire index fund, which means that all the returns earned by the index will be the same as the returns percentage you receive. In an entire index return, the good and bad get cancelled out, making overall gain chances better. For example, there is a fall in the share of one company, but a rise in another, these two will cancel each other out. There exist many index mutual fund investment strategies as well. You cannot buy the entire index directly, but buy each share on the index separately in equal quantities. This promises lower expense ratio and better market returns.
Can I invest in Nifty Psu Bank?
Yes, you can invest in Nifty Psu Bank. As we know now, Nifty Psu Bank is a benchmark of the Indian stock market index. If Nifty Psu Bank is going upwards, the Indian economy is doing well and going upwards too.
You can invest in the Nifty Psu Bank index and earn returns from all stocks. You can do this through the Upstox website or app through:
You can invest in the Nifty Psu Bank index and earn returns from all stocks. You can do this through the Upstox website or app through:
- 1. Spot Trading: This is the most simplest way to invest in Nifty Psu Bank. Through this you can select some Nifty Psu Bank stocks or choose to buy some of them individually and reap benefits individually on each.
- 2. Derivative Trading: Derivatives are financial contracts that obtain their value from an underlying asset. These assets could be indices, stocks, currency or commodities. The involved parties decide on a future date to settle the contract. Speculation is made on the value that the underlying asset will achieve in the future, which is how a profit is attained. In Nifty Psu Bank index, two kinds of derivatives are available:
- a. Nifty Psu Bank Futures: With Nifty Psu Bank futures, the buyer and seller both agree to buy & sell at a predetermined future date. This becomes the basis for the contract, during the period of which the stock can be sold and a profit attained if the price rises. If the price drops, you can wait for the date of settlement.
- b. Nifty Psu Bank Options: With Nifty Psu Bank options, the buyer and seller both agree to buy & sell at a predetermined future date at a price they decide upon in the present. The buyer pays a premium amount and obtains the legal right to buy and sell the stock in the future. This is a right, not a compulsion.
- 3. Index Funds: Index fund is a type of mutual fund designed to provide you with market exposure. In the case of Nifty Psu Bank, a portfolio consisting of all the stocks available in equal quantities. This way, the portfolio earns returns as per the Nifty Psu Bank Index.
Can I check Nifty Psu Bank Share Price Historical data?
Yes, you can check the Nifty Psu Bank’s historical price movements on Upstox. All you have to do is head to the historical data page and fill out Nifty Psu Bank, NSE & if you want daily, monthly, yearly or a particular date. Click enter, and you will see the Nifty Psu Bank Historical Data.
How are indices calculated?
The Nifty Psu Bank indices are calculated as per the float-adjusted and market capitalization method. The aggregate market value of the stocks present in the index for a specific period are demonstrated in the level index. 3rd November 1995 is the base duration for the Nifty Psu Bank index. The best value for the stocks is Rs. 1,000, while the base capital is Rs. 2.06 Trillion.
Formula for Index Value:
Market Capitalisation = Price x Equity Capital
Free Float Market Capitalisation = Price x Equity Capital x Investable Weight Factor
Index Value = Current Market Value / (1,000 x Base Market Capital)
IWF (Investable Weight Factor) is a factor that is used to calculate the number of shares that are available for trading. The value of stock changes on a daily basis which is why the index calculation is made on a real-time basis. This formula determines the value as well as the changes in the corporate procedures like right issues, stock splits, etc.
Formula for Index Value:
Market Capitalisation = Price x Equity Capital
Free Float Market Capitalisation = Price x Equity Capital x Investable Weight Factor
Index Value = Current Market Value / (1,000 x Base Market Capital)
IWF (Investable Weight Factor) is a factor that is used to calculate the number of shares that are available for trading. The value of stock changes on a daily basis which is why the index calculation is made on a real-time basis. This formula determines the value as well as the changes in the corporate procedures like right issues, stock splits, etc.
How many indices are in NSE?
NSE Indices Limited (Formerly India Index Services and Products Limited (IISL)) is a subsidiary of the NSE of India. It provides various different types of Indices. There are mainly three types of stock market indices - Benchmark Indices, Sectoral Indices, Market Cap Based Indices and a few other Indices. In totality, NSE has over 100 Equity Indices.
What is the difference between index and indices?
Index & Indices are the same thing. Index is singular form and Indices is plural form. Indexes is also correct but over time, Indices is the scientific & systematic term used especially in mathematical values and stock exchange.
What are the types of NSE stock indices?
NSE Indices Limited provides various different types of Indices. There are mainly three types of stock market indices - Benchmark Indices, Sectoral Indices, Market Cap Based Indices and a few other Indices.
- 1. Benchmark Indices: Benchmark Indices use the best practice to regulate the companies they pick, making them the best point of reference for the working of the market as well as the Indian economy.
- a. Nifty Psu Bank - A collection of the top performing companies of India.
- b. Sensex - A collection of the top 30 best performing stocks of NSE and BSE Exchange respectively.
- 2. Sectoral Indices: These indices have many good indicators that measure companies in specific sectors. But, both NSE and BSE do not have all sector indices. Some examples of Sectoral indices include NSE Pharma and Nifty PSU Bank.
- 3. Market Cap Based Indices: Indices that select companies based on their market capitalization come under these types of indices. Some examples include NSE small cap 50.
- 4. Other Indices: NSE 100, among others, are larger indices with more stocks listed on them.
Who owns Nifty Psu Bank?
Nifty Psu Bank is a popular stock index that was introduced in 1992, and implemented by 1994 by the National Stock Exchange of India. It is owned and managed by India Index Service & Products Limited (IISL) that is an Indian specialised company that focuses on indices like Index Funds, Index Options & Index Futures.
Can I buy Nifty Psu Bank shares from Upstox?
Yes, you can buy Nifty Psu Bank shares from Upstox by following these steps.
- Step 1: Head to the Upstox website or download the app.
- Step 2: Sign up.
- Step 3: Fill in your KYC/e-KYC and create your Demat account.
- Step 4: Decide how you wish to invest in Nifty Psu Bank - through index funds, Nifty futures, Nifty options or spot trading.
- Step 5: Place your order.
About NIFTY PSU Bank
Government-owned banks are known as Public Sector Undertaking (PSU) banks and they play a significant role in India’s banking industry.
PSU banks are known for promoting financial inclusion in India. The sole goal of PSU banks is not only to create profits but the overall development of the Indian economy. For higher financial inclusion, PSU banks provide loans to sectors that are not attractive to private banks. For example, credit flow to agriculture, small and medium enterprises (SMEs) and other priority sectors.
NIFTY PSU Bank
The NIFTY PSU Bank index is an index designed to track the performance of Public Sector Undertaking (PSU) banks in India. Nifty PSU Bank index comprises 12 listed banks on the National Stock Exchange (NSE), which helps investors and traders understand the overall health of the PSU banking sector without delving into every bank's financial position. The NIFTY PSU Bank index was founded in 2007.
Calculation Methodology
Like any other index, Nifty PSU bank value is calculated by using free-float market capitalisation of each stock, which ensures a fair representation of the stocks available for trading. One big difference from any other index is the condition that the company must have 51% government ownership and a minimum trading frequency, all this ensures the inclusion of actively traded PSU banks. The weightage is determined by the free-float market cap and the combined market cap of all index stocks. This is done to ensure that each stock's influence on the index is proportionate to its market capitalisation.
Composition Criteria
Currently, there are Twelve PSU banks in the NIFTY PSU Bank index, including SBI, PNB, Bank of Baroda and Canara Bank. All banks need to meet multiple conditions to be selected. The robust selection criteria help to safeguard the index against market anomalies.
Eligibility
- The public sector bank must rank within the top 800 based on both average daily turnover and average daily full market capitalisation for the last six months.
- The lender must have 51% shareholding by state or central government.
- The bank's trading frequency should be at least 90% in the last six months.
- The stock should have been listed on Nifty for at least one month.
Investing in NIFTY PSU Bank
No one can directly invest in the index itself; one of the most common ways is investing in Exchange-Traded Funds (ETFs) designed especially for it. The ETFs mirror the index movements and benefit from the growth in the public banking system.
However, investors need to consider various factors, like the overall health of the banking sector in India, regulations, specific banks' financial performance and the weightage of that bank in the index.
Factors influencing NIFTY PSU Bank
Multiple factors can bring a sudden movement in the Nifty PSU bank. Government policies and regulations (clearance of NPAs), defaulted loans, economic environment and profitability of the overall sector contribute to the movement in the NIFTY PSU Bank index.
The NIFTY PSU Bank index is a valuable instrument for investors and traders to understand and capitalise on the ever changing India’s public sector banking industry. Whether through direct stock investment, ETFs or mutual funds, investors can use this to navigate the complexities in the PSU banking sector.