Through this post we are undertaking the Nifty PSU index analysis and go through the same in whole to understand the dynamics of this index.
The Nifty PSU Index is a stock market index that tracks the performance of Public Sector Undertaking (PSU) companies that are listed on the National Stock Exchange of India (NSE). The index is designed to measure the performance of the Indian PSU sector and is composed of the top PSU companies listed on NSE.
The Nifty PSU Index is a market capitalization weighted index, which means that the weight of each stock in the index is determined by its market capitalization, or total value of outstanding shares. The index is calculated using free float market capitalization weighted methodology, where the level of the index reflects the total free float market value of all the stocks in the index relative to a particular base market capitalization value.
The Nifty PSU Index is widely used as a benchmark to measure the performance of the Indian PSU sector and is considered as a barometer of the Indian PSU industry. It is also used as a benchmark by investors and fund managers to track the performance of their investments in the PSU sector.
The Nifty PSU index is currently composed of 11 companies which include Oil and Natural Gas Corporation, Bharat Petroleum Corporation, Bharat Heavy Electricals Limited, Power Finance Corporation and National Thermal Power Corporation. The current market capitalization as of 2021 is around INR 8.9 Trillion.
NIFTY PSU index has witnessed a gradual correction from the peak of 4600 forming a series of lower tops, The index is currently trading in a range of 3800 to 4300. a decisive break of the 3850 levels will drag the index back to the 3500 level. Keep an eye on this index and the levels mentioned.
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The Nifty PSU Bank Index is a stock market index that tracks the performance of public sector banks listed on the National Stock Exchange of India (NSE). The index is designed to measure the performance of the Indian public sector banks sector and is composed of the top public sector banks listed on NSE.
The Nifty PSU Bank Index is a market capitalization weighted index, which means that the weight of each stock in the index is determined by its market capitalization, or total value of outstanding shares. The index is calculated using free float market capitalization weighted methodology, where the level of the index reflects the total free float market value of all the stocks in the index relative to a particular base market capitalization value.
The Nifty PSU Bank Index is widely used as a benchmark to measure the performance of the Indian public sector banks sector and is considered as a barometer of the Indian banking industry. It is also used as a benchmark by investors and fund managers to track the performance of their investments in the public sector banks sector.
The Nifty PSU bank index is currently composed of 12 Public Sector Undertaking (PSU) banks and the current market capitalization as of 2021 is around INR 2.8 Trillion.
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