Market ends marginally low; realty, PSU banks shine
Sensex and the Nifty 50 ended with mild losses due to profit booking following a steep rise of almost 2% in the previous session.
Sensex and the Nifty 50 ended with mild losses due to profit booking following a steep rise of almost 2% in the previous session.
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
The Nifty-50 reached the milestone of 20k last month.
The Union finance minister credited ‘Twin Balance Sheet Advantage’ to various reform measures adopted by the government.
Current Account Savings Account (CASA) for BoM saw 24.47 per cent rise, the highest among the public sector lenders, during the year.
United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
The UFBU has called for a pan-India strike on March 15-16. It has claimed that about 10 lakh bank employees and officers of the banks are participating in the strike.
Bank of Baroda said Debadatta Chand has been appointed as Executive Director for a period of three years from March 10, 2021 or until further orders, whichever is earlier.
"In the process, 75 per cent of workers are being pushed out of the orbits of labour laws since they will have no legal protection under the new enactment," he said.
Punjab National Bank which will be merged with the Oriental Bank of Commerce and United Bank of India, fell over 7 per cent, the most among the state-run banks constituting the PSU Bank Nifty index.
