Live
- AAP's Chadha calls for RS debate on arrest of ISKCON priest, atrocities in Bangladesh
- India's Preparations for Adelaide Test: Rohit, Shubman, and Gambhir Updates
- Centre declares snakebites a notifiable disease in India
- Indian Navy seizes 500 kg of meth in Arabian Sea
- Best Smartwatches Under 4000 for Fitness and Smart Features
- Not certain if Siddaramaiah will finish 5-year term: CM’s advisor B.R. Patil
- Mexico's president urges Trump to rethink Cuba trade embargo, Venezuela sanctions
- Haaland, Mbappe, Bellingham among nominees for FIFA men's award
- Bengal school job case: Supreme Court grants bail to suspended TMC leader Kuntal Ghosh
- Centre approves Rs 200 crore for iconic tourist places in Assam: Himanta Biswa Sarma
Nifty snaps four-day rally; bank stocks hit
Highlights
Nifty ended lower on Monday in the first trading session of 2017, snapping a four-session winning streak as banks fell on worries their profitability
Nifty ended lower on Monday in the first trading session of 2017, snapping a four-session winning streak as banks fell on worries their profitability would be hit after reducing lending rates.
The NSE bank index fell 1.14 percent, with State Bank of India, which cut its marginal cost of funds-based lending rate (MCLR) by 90 basis points across maturities, declining 2.6 percent.
The Nifty ended 0.08 percent lower at 8,179.50, snapping a four-day rally.
The benchmark Sensex closed down 0.12 percent at 26,595.45, after rising in the last two sessions.
Next Story
ADVERTISEMENT
