Nifty PSU Bank index ends 5.44% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) BANK OF BARODA 112.75 135.25 -22.50 -16.64 UNION BANK (I) 74.70 82.30 -7.60 -9.23 INDIAN BANK 290.70 319.25 -28.55 -8.94 CANARA BANK 246.20 267.50 -21.30 -7.96 SYNDICATE BANK 36.90 39.35 -2.45 -6.23
The benchmark indices settled lower for the second consecutive day, falling nearly 1 per cent on Tuesday tracking weakness in the global markets.
The S&P BSE Sensex ended at 37,291, down 295 points while the broader Nifty50 index settled at 11,279, down 99 points.
Among sectoral indices, the Nifty PSU Bank index settled 5.4 per cent lower weighed by a fall in Bank of Baroda (BoB), which slipped 17 per cent to Rs 112.20 on the National Stock Exchange (NSE) after the government on Monday proposed to create the country’s third-largest bank by amalgamating Dena Bank and Vijaya Bank with much larger Bank of Baroda (BoB) in an all-stock deal. The banks’ boards are expected to meet in 10 days to take a call.
(with wire inputs)