Sensex, Nifty End Modestly Lower; PNB Shares Slump Over 10%
Indian shares gave up initial gains to end lower on Wednesday, with banks coming under heavy selling pressure, after the Reserve Bank of India unveiled new norms for dealing with non-performing assets and Punjab National Bank said it detected fraudulent transactions amounting to more than $1.77 billion involving billionaire jeweler Nirav Modi, his wife, brother and partner.
Source: RTTNews