Nifty PSU Bank Index: Price, Performance, and Thematic Turnaround Today
The Nifty PSU Bank Index is a pivotal sectoral index that tracks the performance of public sector banks (PSBs) listed on the National Stock Exchange (NSE). It has recently emerged as one of the top-performing sectoral indices, reflecting a multi-year turnaround in the financials and operational efficiency of state-owned lenders.
Today's Nifty PSU Bank Price and Index Milestones
The Nifty PSU Bank Index continued its strong rally today, hitting a new all-time high, driven by broad-based buying in the public sector banking space.
| Metric |
Value (As of 26 Nov 2025 Close) |
Change |
| Closing Value (Approx.) |
8,634.50 |
$\approx +1.75\%$ (Up from previous close) |
| Intraday High |
8,665.70 |
New All-Time High |
| Previous Close |
8,486.50 |
- |
| 52 Week High / Low |
8,665.70 / 5,530.35 |
- |
The strong daily gain and the new record high highlight the surging investor confidence in the sector, marking a significant re-rating of the PSU Bank share price NSE performance.
Nifty PSU Bank Index Historical Returns (The Big Turnaround)
The index has been a phenomenal wealth creator in the last few years, showcasing a dramatic reversal from its previous non-performing asset (NPA) troubles.
| Period |
Nifty PSU Bank Index Return (Approx. YTD) |
Key Trend |
| 1 Month |
$\approx +6.65\%$ |
Strong short-term momentum after recent profit-booking. |
| 3 Months |
$\approx +21.58\%$ |
Massive short-term outperformance, signaling structural demand. |
| 1 Year |
$\approx +25.19\%$ |
One of the top-performing sectoral indices for the year. |
| 3 Years |
$\approx +109.61\%$ |
Exceptional long-term compounding and complete sectoral turnaround. |
The superior returns are rooted in the significant improvement in the underlying fundamentals of the banks.
Nifty PSU Bank Stocks List and Key Drivers
The Nifty PSU Bank Index is comprised of 12 stocks and is heavily concentrated in the largest lender, State Bank of India (SBI), which drives the majority of the index's performance.
| Company Name |
Approx. Index Weight |
Day's Best Performers (26 Nov 2025) |
| State Bank of India (SBI) |
$\approx 61.98\%$ |
Union Bank of India ($\approx +2.09\%$) |
| Bank of Baroda |
$\approx 8.43\%$ |
Indian Bank ($\approx +1.83\%$) |
| Canara Bank |
$\approx 7.57\%$ |
Indian Overseas Bank ($\approx +1.83\%$) |
| Punjab National Bank (PNB) |
$\approx 6.67\%$ |
Punjab National Bank ($\approx +1.73\%$) |
| Union Bank of India |
$\approx 4.64\%$ |
Canara Bank ($\approx +1.72\%$) |
| Indian Bank |
$\approx 4.44\%$ |
SBI ($\approx +0.65\%$) |
The latest list of PSU bank list NSE constituents shows a high degree of diversification, but SBI's performance remains paramount to the index's movement.
Key Factors Driving the Rally
The strong surge in the Nifty PSU Bank Index today and over the past few years is based on three main pillars:
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Fundamental Strength (Asset Quality Turnaround):
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Net NPAs (Non-Performing Assets) are at multi-year lows across the sector.
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Credit Growth is robust, fueling interest income.
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Profitability metrics like Return on Equity (ROE) have drastically improved, justifying the sharp re-rating in P/E and P/B valuations.
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Valuation Re-rating:
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Despite the huge rally, the sector's valuation remains attractive relative to private peers. The Index P/B Ratio is approximately 1.38, which is still considered low for a rapidly growing and fundamentally sound banking sector.
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Policy & Structural Triggers: