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The benchmark BSE Sensex declined for the sixth session on Wednesday as banking stocks continued to bleed in the aftermath of an alleged Rs 127-billion fraud at Punjab National Bank.
Shares of leading banks, including State Bank of India (SBI) and ICICI Bank, tanked for the second straight day as central agencies widened their probe into the country’s biggest banking scam. Global markets also remained weak after Gary Cohn, a free-trade proponent, resigned as economic advisor to US President Donald Trump, reigniting prospects of a global trade war.
The Sensex fell 284 points, or 0.85 per cent, to
Shares of leading banks, including State Bank of India (SBI) and ICICI Bank, tanked for the second straight day as central agencies widened their probe into the country’s biggest banking scam. Global markets also remained weak after Gary Cohn, a free-trade proponent, resigned as economic advisor to US President Donald Trump, reigniting prospects of a global trade war.
The Sensex fell 284 points, or 0.85 per cent, to
