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Sensex down 156 pts, PNB shares plunge 14 pct

ANI  |  New Delhi [India] 

Market indices recovered in evening trade on Wednesday with the Sensex down about 156 points, after a significant plunge in the morning, following correction in banks stocks after (PNB) reported a massive loss in the fourth quarter of FY 2017-18.

The extended Tuesday's losses, and was down about 12 percent, after it reported a net loss of Rs.13, 416.91 crores for the fourth quarter of the fiscal year ending March 31, 2018.

Reliance Industries, and stocks dragged.

Meanwhile, HUL, Lupin, ITC gained about two to three percent.

On the other hand, the rupee closed at Rs. 67.87 against the US dollar today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 18:05 IST
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