Sensex plummet to a 21-month low

sensexDespite a strong European equities and positive US index, sensex has plunged by 262 points and hit a 21-month low. Same is the case with NSE Nifty,

But Finance Miinistry termed the fall in domestic equities to turmoil in global economy.

SBI fell by 4.82 per cent to Rs 158.95 ahead of its financial results, while banks-based index on BSE slipped by more than 2 per cent. Weak Asian cues, however, continued to spoil the mood.

Three public sector banks, Central Bank of India, Allahabad Bank and Dena Bank yesterday reported losses while Punjab National Bank posted a sharp decline in profit for the third quarter of 2015-16.

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