Sensex today shed over 400 points following developments in alleged PNB fraud case and weak global cues. Indian indices gave up all the early morning gains and saw a bloodbath at close even as the Nifty50 index closed 109 points down. 
 
BPCL, ZEEL, Aurobindo Pharma, Adani Ports and IndusInd Bank took the lead in Nifty50, helping contain a further fall, while ICICI Bank,  Sun Pharma, M&M, State Bank of India, and Infratel were losers.
 
The market sentiment was largely bearish, as most of the NSE sectoral indices fell. 
 
Stocks of private banks were mostly in the read as investors turned cautious after the Serious Frauds Investigation Office (SFIO) summoned ICICI Bank CEO Chanda Kochchar and Axis Bank MD Shikha Sharma in relation to PNB fraud case.
 
ICICI Bank stock fell nearly 3% today, while Axis Bank share tanked over 1%.
 
The Nifty Metal index after rising nearly 1% higher led by a rise in shares of Vedanta, Jindal Steel & Power, National Aluminium Company Limited and Tata Steel, gave up all the gains in the afternoon session.
 
Bank of India, United Spirits, Dish TV India and Housing Finance were the top losers on the BSE. Adani Enterprises shed over 8%
 
In the global markets, Asian share regained some ground today after US President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminium tariffs.
 
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent while Japan’s Nikkei jumped 2.0 per cent, a day after it hit a five-month low, according to Reuters.