Almost all the indices ended in red as the bear gripped the market during the last leg of the trade. Image source: IANS
After opening higher, benchmark indices Nifty and Sensex ended in red, with Nifty50 closing 0.75% lower at 10,460.60 and Sensex shedding all the gains settled at 34,155.95, 0.42% lower.
The market opened at 34,436.98 points against the previous day's close of 34,300.47 and hit the high of 34,473.43.
On the BSE, there were 13,30 advances and 1,498 declines, while 14 advances and 36 declines seen on the Nifty50, indicating a bearish trend.
Almost all the indices ended in red as the bear gripped the market during the last leg of the trade.
Nifty Bank index fell over 1%, with PNB crashing nearly 10%. Shares of PNB tanked after the public sector lender informed bources that it had detected some "fraudulent and unauthorised" transactions worth about $1.77 billion at one of its branches in Mumbai.
Broadly positive global markets and bargain hunting lifted the key Indian equity indices -- S&P BSE Sensex and NSE Nifty50 -- in the morning. During the mid-afternoon trade session today indices were trading higher.
The Reserve Bank of India`s (RBI) new norms to deal with non-performing assets (NPAs) issue also cheered investors in the morning trade.
Healthy buying in metals, consumer durables and capital goods stocks aided in the upward movement of the BSE Sensex and Nifty50.
At 1.15 pm, Sensex was trading 28.77 points or 0.08% higher to 34,329.24 points from Monday`s close. The Nifty50 rose 15.40 points or 0.15% to 10,555.15 points.
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