Top Sectoral losers: Nifty PSU Banks cracks nearly 5% Sectoral Trend Sensex losers and gainers Market at close The benchmark indices ended in negative on Wednesday, taking cues from its key Asian peers. Shares of Punjab National Bank crashed 10% after the bank reported some 'fraudulent and unauthorised' transactions worth about $1.77 billion at one of its branches in Mumbai. The S&P BSE Sensex ended at 34,156, down 145 points while the broader Nifty50 index settled at 10,501, down 39 points. NCC surges 9% on strong Q3 results NCC has rallied 9% to Rs 130 on BSE after the company reported 72% year on year (Y-o-Y) growth in net profit at Rs 1,004 million in December quarter (Q3FY18), on back of healthy operational performance. The construction & engineering company had profit of Rs 583 million during the same quarter last fiscal. However, the operational revenue during the quarter declined 2.7% to Rs 18,507 million from Rs 19,037 million in the corresponding quarter of previous fiscal. READ MORE Idea Cellular board approves equity issue of up to Rs 35-bn through QIP Telecom major Idea Cellular today said its Board has accorded final approval for issuing equity shares for up to Rs 3,500 crore through Qualified Institution Placement (QIP) route. "The Board of Directors at its meeting today has accorded final approval for issuance of equity shares for an amount not exceeding Rs 3,500 crore by way of QIP to the eligible investors...," Idea Cellular said in a BSE filing. READ MORE
The S&P BSE Sensex ended at 34,156, down 145 points while the broader Nifty50 index settled at 10,501, down 39 points.
Among stocks, Punjab National Bank (PNB) declined 10% on BSE during the day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in Mumbai. The development triggered a fall in most other banking stocks, with the Nifty Bank index slipping around 5%.