Sensex Down 100 Points, Nifty Below 10900, Bandhan Bank Crashes 20% - Dollar Advisory & Financial Services

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Monday 1 October 2018

Sensex Down 100 Points, Nifty Below 10900, Bandhan Bank Crashes 20%

The BSE Sensex and NSE’s Nifty 50 fell for the fourth straight session on Monday as shares of Bandhan Bank and Kotak Bank declined after RBI punished Bandhan Bank for failing to meet shareholding rules. Shares of Bandhan Bank and Kotak Bank slumped as much as 20% and 12%, respectively. FIIs sold a net of Rs 1,699.94 crore of shares on Friday, while DIIs purchased shares worth Rs 3,256.34 crore, provisional data showed. Brent crude oil prices hit their highest level since November 2014 on Monday ahead of US sanctions against Iran that kick in next month. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

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