Markets end lower as Karnataka, Korea keep investors on edge

Image
Press Trust of India Mumbai
Last Updated : May 16 2018 | 5:20 PM IST

Benchmarks stayed on the back foot for the second straight session today as post-poll uncertainty in Karnataka and flaring up of tensions on the Korean peninsula sapped investor optimism.

Banking stocks were battered after scam-scarred Punjab National Bank posted a record loss for the March quarter amid the government tightening the screws on some senior public sector bankers.

The BSE Sensex sank 156.06 points to end at 35,387.88, while the Nifty lost 60.75 points to 10,741.10

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: May 16 2018 | 5:20 PM IST

Next Story