Sensex and Nifty Dragged Down by Banks

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Revised bad loans norms by RBI that would hurt profits of banks affected the Indian equity benchmarks today.

Sensex and Nifty Dragged Down by Banks

The S&P BSE Sensex fell 0.4% (144 points) to 34,156 and the NSE Nifty 50 Index was down by 0.37% (39 points) to 10,500.90.

Among individual shares, PNB was the biggest loser after it detected fraudulent activities in its Mumbai branch early today.

The Biggest Losers on BSE were:

SecurityLast Traded Price (Rs)Change% Change
Punjab National Bank145.8-15.85-9.81
JK Tyre and Industries Ltd175.35-15-7.88
Bank of India133.45-11.4-7.87
Allahabad Bank56.25-4.75-7.79
Oriental Bank of Commerce104-8.35-7.43

Read more about: sensex, nifty
Story first published: Wednesday, February 14, 2018, 16:24 [IST]
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