Sensex Falls Over 200 Factors, Nifty Close to 10,350

Sensex Falls Over 200 Points, Nifty Near 10,350: 10 Points

The Sensex had closed 61 factors decrease at 33,856 on Tuesday

The BSE Sensex fell as a lot as 237 factors on Wednesday to hit an intraday low of 33,619, dragged down by banking shares. The Nationwide Inventory Trade (NSE) benchmark index Nifty misplaced as a lot as 77 factors to commerce close to the 10,350 mark in afternoon offers. The decline in banking shares got here a day after the Reserve Financial institution of India (RBI) barred all lenders from issuing letters of endeavor – a type of credit score assure on the coronary heart of a significant fraud. Revelations by Punjab Nationwide Financial institution of further publicity in an alleged fraud additional dampened sentiment.

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