Placeholder canvas

Sensex falls 295 points; Nifty ends below 11,300; Bank of Baroda tanks 17%

Date:

The BSE Sensex ended lower 294.84 points down at 37,290.67, on Tuesday while the Nifty 50 ended 98.85 points lower at 11,278.90. The benchmark indices extended losses for the second session on Tuesday dragged mainly by PSU bank stocks.

ALSO READ: Trump slaps 10% tariffs on additional $200 billion worth of Chinese goods

The Nifty PSU Bank Index fell over 5.44% after shares of Bank of Baroda fell 17% on the government’s proposal to merge the bank with Dena Bank and Vijaya Bank. The rupee also fell further today and traded near the 72.8 mark. However, global markets shrugged off trade war concerns after the US set its next round of tariffs at 10% and Beijing pledged to retaliate.

Click here for Latest News updates and viral videos on our AI-powered smart news genie

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Rajasthan Royals Defeat Delhi Capitals By 12 Runs

Jaipur: Rajasthan Royals clinched a 12-run win over Delhi...

FTX Founder Sam Bankman-Fried Sentenced To 25 Years In Prison For Fraud

New Delhi: Sam Bankman-Fried, the renowned founder of cryptocurrency...

NIA Arrests One Key Conspirator In Rameshwaram Cafe Blast Case

New Delhi: In a significant development in the investigation...