Tuesday, 6 March 2018

Sensex slips over 100 pts, Nifty50 tests 10,200; Adani Group stocks decline up to 3%





Benchmark indices opened on a lower note on Wednesday amid weakness in banking counters.ICICI BankBSE -1.97 %, SBI and Axis BankBSE -0.22 % plunged up to 3 percent. 

At 9.25 am, the BSE Sensex was trading 104.92 points, or 0.31 per cent, lower at 32,212.29. NSE barometer fell 47.35 points, or 0.46 per cent, to 10,201.90. 


The market was concerned after ICICI Bank and Axis Bank were summoned to the Serious Fraud Investigation Office (SFIO) in Mumbai on Tuesday as the arm of the central government began its enquiry into the Rs 12,700-crore Nirav Modi case. 


The officials of the private banks were asked general questions on their loan disbursements and as per sources the agency is likely to send a more detailed questionnaire to banks asking for information regarding the same. 

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