Tuesday, 23 May 2017

Market Live: Sensex sees sharp fall of over 150 points, Nifty snaps 9400; midcaps tank

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Public sector banking major, Bank of India, extended its fall from the previous session on the back of poor results that the lender posted. The stock had fallen 9 percent on Monday post it Q4 results announcement.

The lender narrowed its net loss in the fourth quarter results ending March 2017 at Rs 1,045 crore driven by interest income and lower provisions. The net loss a year ago was at Rs 3587 crore. However, the loss comes against a profit of Rs 102 crore in the December quarter.

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