Market slightly recovers, trades off lows; PNB stock sinks nearly 12%
Updated : May 16, 2018 12:27 PM IST
The market continues to trade in the red, but is off lows, with the BSE Sensex trading at 35,433 points and the NSE Nifty trading at 10,760 points.
The market was trading under pressure due to political uncertainties revolving around the Karnataka elections and due to weak global cues.
The Punjab National Bank stock sunk by nearly 12% in trade after posting a massive loss of more than Rs 13,000 crore in its Q4 earnings.