Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Biggest ever share sale by any private or public sector co in India.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
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Banking as we know it will stand on its head in the next 10 years.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
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