Bank stocks-Sensex loses 200 points in early trade, PNB down 5%

NEW DELHI: The global markets and banking sector in agony closer home explains that the Street and shops opened with significant losses  on Wednesday morning.
30-share BSE 
Sensex  lost 190.76 points 34,155.63. The index extended losses to more than 200 points before paring to some extent. At 10.30 am, Sensex was down 185 points. The broader 50-share NSE  Nifty  was also down more than half a per cent. It’s a strong blow and pathetic situation.

IT and pharma were the only sectoral sub-indices trading in the green..
The Indian markets saw some downturn due to global markets as well with the Dow Jones losing more than a per cent on back of federal rate hike concerns.

In morning trade, the under pressure  PNB  stock lost further 5 per cent as the share price slipped below the Rs 100-mark. State-run bank scrips kept bleeding as the Nifty PSU bank sub-index was losing more than a per cent.


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