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Nifty, Sensex under pressure due to rising bond yields and global cue – Weekly closing report


Nifty, Sensex under pressure due to rising bond yields and global cue – Weekly closing report
Moneylife Digital Team
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We had mentioned in last week’s closing report that Nifty, Sensex may try to bounce back. The major indices were volatile and ended with major losses. The trend of the major indices in the week is given in the table:
 
 
On Monday, the indices suffered a major correction. On the NSE, there were 561 advances, 1,388 declines and 86 unchanged.
 
Karnataka Bank reported a fraud to the RBI of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks.  
 
 
Torrent Power emerged as the highest bidder for 51% privatisation of Power Distribution Company in the UT of Dadra & Nagar Haveli and Daman & Diu.  ....

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