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MARKET WRAP: Global cues, K'taka result drag Sensex 156 pts; PNB down 12%

Benchmark indices fell on Wednesday on doubts over the composition of the next government in Karnataka

traders reacts as Sensex reached 30,000 mark (Photo: PTI)
Photo: PTI

Benchmark indices fell on Wednesday as doubts over the composition of the next government in Karnataka dampened investor risk appetite. However, recovery in rupee and fall in crude oil prices help cut losses. The S&P BSE Sensex ended at 35,388, down 156 points while the broader Nifty50 index settled at 10,741, down 61 points. Among sectoral indices, shares of public sector banks (PSBs) were under pressure, falling upto 12% on NSE after most these banks reported weak set of numbers for the quarter ended March 2018 (Q4FY18). Punjab National Bank (PNB) fell 12% after the state-owned ...