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Closing Update- Benchmark indices settled with modest gains after volatile session of trade on Thursday. The barometer index, BSE Sensex was up 141.52 points at 34,297.47 and the NSE Nifty gained 44.60 points at 10,545.50. Firmness in global stocks helped gains on the Exchanges. Bank stocks plummeted on PNB's Rs 11,300-cr Letter of Undertaking scam.
The BSE index fell from intraday peak of 34,535.08 on account of fresh selling momentum in capital goods, infrastructure, consumer durables and realty stocks amid constant global cues. However, oil and gas, FMCG, metal, IT and stocks remained investors' favorite.
Punjab National Bank continued its journey on second day with the stock slipping about 12%. The top management of PNB assured that the bank will honor all their bona-fide commitments and will take action against the alleged offenders
Nifty shuts with moderate gains but ends near day's low. The PSU bank index which has been trading in the green zone in early trades erased all its gains and was the top loser of the day followed by the realty, pharma and media index.
Winners and Losers on NSE: Bharat Petroleum Corporation Limited, Hilando, ICICI Bank, Vedanta, HPCL were gainers at a tune of 3.38 % to 2.14%. On the other hand, Indiabulls HF, Aurobindo Pharma, Cipla, Bharti Airtel and Zee Entertainment were losers.
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