Markets rise on global cues as Sensex ends 141 points up; PNB slumps

NEW DELHI: Markets on Thursday finished higher tracking gains in global friends, however Punjab National Bank slumped for a moment consecutive session after it unearthed fraudulent transactions.
The benchmark BSE Sensex closed 141 issues up at 34,297 while the wider NSE Nifty surged 44 issues to 10,545.

Asian shares received after Wall Street brushed aside robust US inflation data and surged, in a transfer that still noticed the dollar pinned at two-week lows at the same time as Treasury yields jumped in anticipation of extra rapid US rate of interest hikes.


Punjab National Bank, the rustic's second-largest state-run lender, dropped up to 12 consistent with cent at the BSE index.


Although some lenders extensively recovered from losses, analysts warned that different banks could have also been impacted by way of PNB transactions and this would proceed to weigh available on the market.


"Concerns around banks after the PNB incident are expected to linger for some time, and it has dampened the sentiment," said Siddharth Sedani, Vice President - Head Equity Advisory, Anand Rathi.


(With Reuters inputs)
Markets rise on global cues as Sensex ends 141 points up; PNB slumps Markets rise on global cues as Sensex ends 141 points up; PNB slumps Reviewed by kailash soni on February 15, 2018 Rating: 5
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