Markets crack: Sensex down 200 points, Nifty tests 9,300

Bank Nifty rose to record high of 22,853 on reports that Prez signed the NPA ordinance last night

Nifty 50 today hit new record high of 9,377 against its previous milestone of 9,367 hit on April 26, for a while before slipping below 9,300 tracking muted handover from global markets. Wall Street ended flat after Representatives narrowly approved a bill to repeal Obamacare, handing Republican President Donald Trump a victory that could prove short-lived as the healthcare legislation heads into a likely tough battle in the Senate.

Back home, President Pranab Mukherjee signed a NPA ordinance last night, according to media reports. The Finance Minister will also hold a press conference to announce the new framework for NPAs