Sensex witnesses 134.95 point surge, Nifty at 10,586.90

Mumbai, Feb 16 After confronting immense pressure for the third successive day, the shares of Punjab National Bank (PNB) continued to trigger the markets.

The Bombay Stock Exchange (BSE) Sensex after a high early in the day exchange, exchanged at 34,432.42, up 134.95 points, while the Nifty was administering at 10,586.90, up 41.40 points.

Not long after the scam was reported, PNB Chairman and Managing Director Sunil Mehta yesterday said it has the ability to recover the dues from Prime Minister Narendra Modi and guaranteed to make a move against all wrongdoers.

As the Enforcement Directorate (ED) led different inquiries seizing precious stones, gems and gold worth Rs. 5,100 crore and fixing six properties, the back service said recuperation would be made and no one would be saved.

In the broader market, the BSE Midcap and the BSE Smallcap lists increased 0.17 percent and 0.43 percent, respectively.

Shares of Punjab National Bank (PNB) and Union Bank of India fell inferable from concerns with respect to Rs. 11300 crore extortion and the Nifty Public Sector Banks (PSU) Bank stretched out its losing streak to the fifth consecutive session.

All sectoral lists exchanged green, with L&T, Marico, Bata India, Manappuram Finance, and Oil India recording picks up.