BSE Sensex extends fall, Punjab National Bank shares dip after weak results

Nov 08 2013, 13:53 IST
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Along with BSE Sensex, NSE Nifty too dropped lower by 0.75 percent with blue-chip shares and banks leading the decline. Reuters Along with BSE Sensex, NSE Nifty too dropped lower by 0.75 percent with blue-chip shares and banks leading the decline. Reuters
SummaryBSE Sensex sheds 110.81 pts, Punjab National Bank (PNB) shares fall more than 4 percent on poor quarterly profit.

BSE Sensex down 0.7 percent and the broader NSE Nifty lower 0.75 percent with blue-chip shares and banks leading the decline. Punjab National Bank (PNB) shares fall more than 4 percent after its July-September quarter net profit halves to sharply below consensus estimates.

* HDFC Bank is down 1.4 percent, State Bank of India (SBI) falls 0.3 percent and Bank of Baroda drops 1.2 percent. The Bank Nifty down 1.1 percent.

Markets Top Gainers, Markets Top Losers

* Blue chips such as Tata Consultancy Services (TCS) falls 1.4 percent on profit-taking, while HDFC Ltd drops more than 3 percent.

* Tata Motors up 0.8 percent ahead of its quarterly results due just around market close.

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