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Karnataka's uncertainty, Korean peninsula tensions keep markets on edge

Banking stocks were battered after Punjab National Bank (PNB) posted a record loss for the March quarter

Markets, Stocks, BSE, NSE, SENSEX
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Photo: Shutterstock.com

Press Trust of India Mumbai
Post-poll uncertainty in Karnataka and flaring up of tensions on the Korean peninsula affected investor optimism on Wednesday.

Banking stocks were battered after Punjab National Bank (PNB) posted a record loss for the March quarter amid the government tightening the screws on some public sector bankers.

The Sensex fell 156.06 points, or 0.44 per cent, to end at 35,387.88, while the NSE Nifty lost 60.75 points, or 0.56%, to 10,741.10.

Globally, most Asian markets fell after North Korea unexpectedly cancelled high-level talks with Seoul and threatened to call off the much anticipated summit with the US, reigniting tensions on the peninsula.

On the macro