NEW DELHI: Equity markets on Monday reeled under force of state-run bank stocks as each Sensex and Nifty completed with 0.70 in keeping with cent loss.
The indices alternatively, saw some overdue restoration as Sensex closed on 33,774.66, down 236 issues. The BSE index had tanked by way of more than 400 issues during the consultation to hit the intra-day low of 33,554. The Nifty too, pared some losses to close 65 issues beneath previous last mark on 10,378.40.
PSU bank stocks were bleeding because the Rs 11,300 crore fraud in PNB broke out. On Monday too, the Nifty PSU bank sub-index misplaced 2.50 in keeping with cent. The negative sentiment round bank stocks spilled over to different sectors as smartly with not one of the sub-indices managing to finish in the inexperienced.
The indices alternatively, saw some overdue restoration as Sensex closed on 33,774.66, down 236 issues. The BSE index had tanked by way of more than 400 issues during the consultation to hit the intra-day low of 33,554. The Nifty too, pared some losses to close 65 issues beneath previous last mark on 10,378.40.
PSU bank stocks were bleeding because the Rs 11,300 crore fraud in PNB broke out. On Monday too, the Nifty PSU bank sub-index misplaced 2.50 in keeping with cent. The negative sentiment round bank stocks spilled over to different sectors as smartly with not one of the sub-indices managing to finish in the inexperienced.
Sensex finishes with heavy loss despite late surge
![Sensex finishes with heavy loss despite late surge]()
Reviewed by Kailash
on
February 19, 2018
Rating:
