| Nifty PSU Bank Index Shares | 8Feb21 Chart Strength | 19Aug16 Chart Strength |
| Allahabad Bank | 4 | |
| Andhra Bank | 7 | |
| Bank of Baroda |
6 |
2 |
| Bank of India | 7 | 9 |
| Bank of Maharashtra | 1 strongest | |
| Canara Bank | 9 | 6 |
| Central Bank of India | 10 | |
| IDBI Bank | 5 | |
| Indian Bank | 5 | |
| Indian Overseas Bank | 3 | 12 |
| Jammu & Kashmir Bank | 4 | |
| Oriental Bank of Commerce | 10 | |
| Punjab National Bank | 4 | 3 |
| State Bank of India | 2 | 1 strongest |
| Syndicate Bank | 8 | |
| UCO Bank | 8 | |
| Union Bank of India | 11 | 11 |
| Above 200-dma | 91.7% | 91.7% |
Note
The Nifty PSU Bank Index constitutes stocks from public sector that are given above.
- Stocks trading above 200 day moving average
Shares are shown in blue colour - Stocks trading below but close to 200 day moving average
Shares are shown in orange colour - Stocks trading much below 200 day moving average
Shares are shown in red colour
Nifty PSU Bank Sector Trend
5 February 2021
Nifty PSU Bank index is trading above 50 day 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 attempting catchup.
Mounting non-performing asset (NPA) is a big problem for this sector.
Interest rate cut by RBI will boost this sector.
Outperformers: Bank of Maharashtra, State Bank of India, Indian Overseas Bank, Jammu & Kashmir Bank.
Underperformers: Union Bank of India, PNB, Central Bank of India.
Related topics
Bank
Bank – NSE
Private Bank NSE
Public Sector Undertakings – Banking