NEW DELHI: The Street as soon as once more came beneath force as investigation agencies intensified their probe within the multi-crore PNB scam, leading to heavy losses in bank stocks.
30-share BSE Sensex lost 429.58 points to close on 33,317.20. The broader 50-share NSE Nifty also lost more than a consistent with cent to slip a color below the 10,250-mark. Tuesday marked the 5th successive day of losses for the fairness markets.
The markets came beneath force in mid-day trading after Serious Fraud Investigation Office (SFIO) summoned ICICI Bank chief Chanda Kochhar and Axis Bank's Shikha Sharma with regards to the PNB fraud case. News company IANS quoted resources to record that the 2 most sensible bank officials had been summoned for giving loan facility to Gitanjali Group and would be puzzled. ICICI Bank is thought to have prolonged a loan of Rs 1,000 crore and Axis Bank Rs 700 crore last 12 months to Gitanjali Gems of Choksi. According to another supply, officials of country's largest lender State Bank of India had been referred to as for wondering.
The record took its toll at the already risky bank stocks because the Nifty PSU Bank sub-index tanked nearly three consistent with cent. ICICI Bank, Axis Bank and SBI scrips lost 2.6, 2.eight and 1.three consistent with cent respectively, at the BSE. However, all different sectoral sub-indices also lost more than 1 consistent with cent each and every whilst world and Asian cues had been sure.
30-share BSE Sensex lost 429.58 points to close on 33,317.20. The broader 50-share NSE Nifty also lost more than a consistent with cent to slip a color below the 10,250-mark. Tuesday marked the 5th successive day of losses for the fairness markets.
The markets came beneath force in mid-day trading after Serious Fraud Investigation Office (SFIO) summoned ICICI Bank chief Chanda Kochhar and Axis Bank's Shikha Sharma with regards to the PNB fraud case. News company IANS quoted resources to record that the 2 most sensible bank officials had been summoned for giving loan facility to Gitanjali Group and would be puzzled. ICICI Bank is thought to have prolonged a loan of Rs 1,000 crore and Axis Bank Rs 700 crore last 12 months to Gitanjali Gems of Choksi. According to another supply, officials of country's largest lender State Bank of India had been referred to as for wondering.
The record took its toll at the already risky bank stocks because the Nifty PSU Bank sub-index tanked nearly three consistent with cent. ICICI Bank, Axis Bank and SBI scrips lost 2.6, 2.eight and 1.three consistent with cent respectively, at the BSE. However, all different sectoral sub-indices also lost more than 1 consistent with cent each and every whilst world and Asian cues had been sure.
Sensex loses 400 points as PNB fraud investigation intensifies
![Sensex loses 400 points as PNB fraud investigation intensifies]()
Reviewed by Kailash
on
March 06, 2018
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