Nifty PSU Bank Touches All-Time Low As 12 Of 13 Stocks On The Index Touch 52-Week Lows

Amid a massive decline in stock markets due to increased fears of coronavirus fears, NSE's Nifty PSU Bank Index fell over 10 percent to touch an all-time low of 1,470.55 points. All 13 public sector banks on the index were in red on Thursday, with Canara Bank being the biggest loser with over 13 percent drop.

State Bank of India, Bank of India, Punjab National Bank, Indian Bank, Union Bank, Bank of Baroda and Jammu & Kashmir Bank were also trading with over 10 percent losses in share value to touch new 52-week lows. In fact, all the stocks on the index except Bank of Maharashtra touched 52-week lows on Thursday.

Bank	New 52-week low (Rs)
SBI	218.2
Indian Bank	55.05
PNB	33.1
Bank of India	34.2
Union Bank of India	29.15
Bank of Baroda	58.3
Uco Bank	10.75
IOB	7.85
Punjab & Sind Bank	11.6
J&K Bank	14.4
Canara Bank	100.6
Central Bank	12.65