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Sensex ends 236 pts down, Nifty slips below 10,400 levels as PSU banks fall

All that happened in the markets today.

SI Reporter  |  New Delhi 

MARKET COMMENT: Jayant Manglik, President, Religare Broking   Nifty started the F&O expiry week on feeble note and breached its crucial support at 10400. The overhang of banking fraud at PNB continued to haunt the PSU banking pack which later joined by others as well. However, recovery in the last hour of the trade pared some losses.   Markets are seeing excessive volatility at present, citing local issues and the upcoming derivatives expiry will further fuel the same. We advise keeping stock specific trading approach and maintaining strict risk management rules to avoid unmanageable losses Market watch (Image source: BSE) Top Sectoral loser: Nifty PSU Bank cracks nearly 3% Sectoral Trend Sensex top losers and gainers Market at close The S&P BSE Sensex ended at 33,775, down 236 points while the broader Nifty50 index settled at 10,378, down 74 points.

The benchmark indices ended 0.7% lower on Monday led by a steep fall in the key banking stocks. The Nifty PSU Bank index ended 2.5% down with Punjab National Bank, Union Bank of India and Syndicate Bank being the top losers. The S&P BSE Sensex ended at 33,775, down 236 points while the broader Nifty50 index settled at 10,378, down 74 points. Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs. MSCI's ...

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First Published: Mon, February 19 2018. 15:30 IST
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Sensex ends 236 pts down, Nifty slips below 10,400 levels as PSU banks fall

All that happened in the markets today.

The benchmark indices ended 0.7% lower on Monday led by a steep fall in the key banking stocks. The Nifty PSU Bank index ended 2.5% down with Punjab National Bank, Union Bank of India and Syndicate Bank being the top losers. The S&P BSE Sensex ended at 33,775, down 236 points while the broader Nifty50 index settled at 10,378, down 74 points. Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs. MSCI's ...

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