Sensex, Nifty End In The Green; PNB Plunges 13%

The benchmark BSE Sensex closed up 0.41 per cent at 34,297.47.

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Sensex, Nifty End In The Green; PNB Plunges 13%

Punjab National Bank shares ended 12.9% lower, hitting their lowest close since October 23.

The Sensex and Nifty rose on Thursday tracking global markets, but Punjab National Bank fell for a second consecutive session after saying it unearthed $1.77 billion in fraudulent transactions, dragging down other state-run lenders.

The benchmark BSE Sensex closed up 0.41 per cent at 34,297.47.

The broader NSE Nifty ended 0.42 per cent higher at 10,545.50, its highest close in a week.

Punjab National Bank shares ended 12.9 per cent lower, hitting their lowest close since October 23, after falling as much as 14.2 per cent on Wednesday.

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The Nifty PSU bank index lost 1.1 per cent.
© Thomson Reuters 2018


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