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Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

All that happened in the markets today.

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SI Reporter  |  New Delhi 

The benchmark indices ended higher on Thursday, taking cues from its key Asian counterparts. The S&P BSE Sensex had hit a high of 34,585 in intra-day deals, but trimmed gains as trade progressed during the day. Among individual stocks, Punjab National Bank (PNB) countinued its journey south on Thursday with the stock slipping nearly 8%. The management tried to assauge investor concerns a day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in ...

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Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Sectoral watch: Nifty PSU Bank cracks over 1%

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Sensex losers and gainers

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Sector watch

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Market at close The S&P BSE Sensex ended at 35,297, up 141 points while the broader Nifty50 index settled at 10,545, up 44 points.      

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

PNB Scam: Will not spare anyone who was involved, says MD CEO Sunil Mehta Punjab National Bank MD & CEO Sunil Mehta on Thursday made it clear that the bank will not spare anyone, senior or junior, who was involved in the fraud, saying the second-largest bank will honour all their bona fide commitments.   He also said that the scam was detected by bank officials for the first time on January 25 and they had reported about it to the concerned agencies. "Working to bring the perpetrators to book. We are trying to safeguard the financial interests of the bank," the PNB MD said while addressing the media in the national capital. READ MORE

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Shree Cement gains on commencement of new cement grinding unit   Shree Cement has moved higher by 4% to Rs 17,550 on BSE in noon deal after the company announced that it has commissioned new cement grinding unit in Rajasthan. READ MORE

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Unichem Labs falls 9% as stock trades ex-share buyback   Unichem Laboratories has dipped 9% to Rs 344 on BSE in intra-day trade after the stock of pharmaceutical company turned ex-share buyback today. The company has fixed February 16, 2018 as the record date for the purpose of buyback of equity shares.   The board of Unichem Laboratories on January 8 had approved buyback of 20.6 million equity shares at a price of Rs 430 per share through the tender offer route. READ MORE

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

PNB Fraud: Stock of Punjab National bank crashes 12%

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Sectoral Watch: Nifty PSU Bank down over 1.5%

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Why banks will likely fail to recover Rs 3 trillion from loan defaulters The Reserve Bank of India’s (RBI’s) new framework for stressed loans that would classify any default in one lender bank as a default in all other lenders’ accounts has been labelled by the government as a way to speed up the bad loan resolution process. While this may help in cleaning up the books of many banks that have borne the brunt of loan defaulters, the amount of money recovered by banks to date through insolvency proceedings seems to indicate that banks might have to write off billions of dollars’ worth of loans in the times to come. READ MORE

Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 34,330.77 +174.82 +0.51   S&P BSE SENSEX 50 11,013.81 +58.31 +0.53   S&P BSE SENSEX Next 50 34,670.30 -233.89 -0.67   S&P BSE 100 10,949.34 +37.11 +0.34   S&P BSE Bharat 22 Index 3,686.33 +10.12 +0.28 (Source: BSE)

First Published: Thu, February 15 2018. 15:30 IST
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Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13%

All that happened in the markets today.

The benchmark indices ended higher on Thursday, taking cues from its key Asian counterparts. The S&P BSE Sensex had hit a high of 34,585 in intra-day deals, but trimmed gains as trade progressed during the day. Among individual stocks, Punjab National Bank (PNB) countinued its journey south on Thursday with the stock slipping nearly 8%. The management tried to assauge investor concerns a day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in ...

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