Market rundown by Nikhil Kamath, Co-Founder and Head of Trading, Zerodha "Markets opened the session slightly higher for the day on the back of positive global cues, this rally was sold into and the indices corrected throughout the session to close over a quarter percent lower for the day. Cement and banking were the weakest sectors for the session, with both Orient Bank and PNB tanking in trade."
The benchmark indices ended marginally lower on Tuesday ahead of Gross Domestic Product (GDP) to be released on Wednesday. The S&P BSE Sensex ended the day at 34346, down 99 points while the broader NIfty50 index settled at 10554 down 28 points. Among sectoral indices, the Nifty PSU Bank index ended over 3% lower led by a sharp fall in shares of Punjab National Bank (PNB). Shares of PNB hit a 20-month low, slipping over 9% on the BSE earlier in the day, after the government-owned bank said it has revealed an additional unauthorized transactions by around Rs 13 billion (USD 204 ...
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