Nifty PSU Bank Index: After several days, there was sluggishness in the stock market on Monday. Sensex fell 241 points. Nifty also closed below 20,150. But during this period, there was one sector which kept the entire market under control. This sector is of government banks i.e. PSU banks. After almost 13 years, Nifty PSU Bank Index has given a breakout. Due to this, the shares of public sector banks (PSU Bank Stocks) have fled like a rocket. In fact, around 8 public sector banks have given multibagger returns in the last one year. Out of this, UCO Bank’s shares have fallen by 223 percent. Apart from this, Punjab Sindh Bank, Union Bank of India, Central Bank of India, Indian Bank, Indian Overseas Bank, Bank of India, Maharashtra Bank have given returns of more than 100% in the last one year.
