Markets open buoyant; PNB, jewellery stocks tank in early trade

NEW DELHI: The equity markets on Thursday morning opened with benchmark indices gaining half a in line with cent each whilst analysts opined that the Rs 11,500 crore fraud in Punjab National Bank (PNB) will stay the Street beneath pressure.

30-share BSE Sensex opened with a modest gain of 51.48 points before extending its features to greater than 100 points inside the preliminary 10 minutes of buying and selling. Nifty too, opened with a bounce of 37 points and held directly to the features within the morning.


The PNB fraud despite the fact that continues to be having its bearing at the bank's stock as on BSE it was buying and selling eight in line with cent beneath previous ultimate at 9.30 am. The scrip had lost 10 in line with cent on Wednesday. The allegation and probe on leading jewelry firms could also be taking its toll as Gitanjali Gems, one of the vital jewelry maker which came beneath the scanner was dropping 12 in line with cent in early buying and selling. Other scrips within the sector like PC Jeweller, Rajesh Exports, Asian Star, Tribhovandas and many others had been all within the pink.


However, within the broader market, all sectoral sub-indices had been within the green whilst none of them had been outperforming. PSU Bank sub-index, which lost nearly three in line with cent on Wednesday was buying and selling flat.




Markets open buoyant; PNB, jewellery stocks tank in early trade Markets open buoyant; PNB, jewellery stocks tank in early trade Reviewed by kailash soni on February 15, 2018 Rating: 5
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