Indian benchmark indices close positive on Thursday but off the day's high
Mumbai, Feb 15 (IBNS): Although the alleged PNB-Nirav Modi scam rocked the market on Thursday too, Indian benchmarks closed positive but off the day's high according to media reports.
The BSE Sensex was up 141.52 points at 34,297.47 and the NSE Nifty was up 44.60 points at 10,545.50.
Meanwhile, select public sector banks faced selling pressure on Thursday, especially Punjab National Bank following the detection of fraud worth USD 1.8 billion (Rs 11,333 crore), according to media reports.
The PNB stock touched a fresh 52-week low of Rs 125.55 and lost more than 22 percent in two consecutive sessions. With the sharp fall, investors lost Rs 8,756 crore of wealth in two days, reported moneycontrol.com.
Top gainers on Thursday included Hindalco, BPCL, ICICI Bank, HDFC, Bajaj Auto, Infosys, ONGC, Vedanta and HPCL while Idea Cellular, Hero Motocorp, Cipla, Aurobindo Pharma, BHEL Tata Steel,L&T and Bharti Airtel were among the key stocks that declined.
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