Sensex ends 144 points lower; Nifty settles at 10500

Sensex sheds 144 points in late sell-off bank stocks sink

The management tried to assuage investor concerns a day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in Mumbai.

He suggests keeping a close watch on global markets for cues and limiting leveraged positions until some clarity emerges.

At 12:50 pm, BSE Sensex was at 34,445.48, 0.85% higher, while the wider NSE Nifty 50 was trading above the 10.600 mark, at 10,609.30, up 1.03% or 108.40 points.

Bank of Baroda, IDBI Bank, Syndicate Bank, Indian Bank, Allahabad Bank and Union Bank were down 1-4 percent while SBI gained 1 percent. The Nikkei index was up by 1.36%. State Bank of India dropped 4.1% and Canara Bank declined 5.8%.

It saw an intra-day movement of about 133.90 points.

Gitanjali Gems plunged almost 19 per cent on reports over its involvement in the PNB fraud case.

Hassan Rouhani Arrives In India Today, Visit To Bolster India-iran Ties
Previously in an exclusive interview with BW Businessworld, Afghanistan's Ambassador to India, Dr. Rouhani will hold a meeting with the Iranian Community in Hyderabad before emplaning for Delhi.

Sony's Silver and Black Gets Captain Marvel and Transformers Writers On Board
Silver Sable, created by Tom DeFalco and Ron Frenz in 1985, is a mercenary who runs a company that hunts war criminals. As many fanboys and fangirls know, Felicia Hardy is Black Cat's alter ego in the comics.

Gilead Sciences, Inc. (GILD) Shares Sold by Premier Asset Management LLC
Moreover, First Dallas has 0.3% invested in Gilead Sciences, Inc . (NASDAQ: GILD ) on Friday, February 5 with "Outperform" rating. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Gilead Sciences by 69.1% in the 3rd quarter.

The BSE consumer durables index was trading 104 points or 0.49 percent lower and was the sole loser among the 19 sectoral indices.

Major Asian indices notched up gains on Thursday, taking leads from the stronger overnight close on the Wall Street.

Fortis Healthcare was up 0.8 percent as the Supreme Court has lifted stay on sale of encumbered company shares by Singh brothers and allowed sale of shares pledged with lenders. France CAC, Germany DAX and Britain FTSE were up 0.6-1 percent at the time of writing this article.

Meanwhile, Hong Kong's Hang Seng was up 1.69 per cent and Shanghai Composite Index by rose 0.45 per cent in early trade.

Disclosure: Reliance Industries Ltd.is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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