Sensex, Nifty give up gains as ICICI Bank drops [Reuters]
ICICI Bank Limited (IBN)
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Source: Reuters
Sensex, Nifty give up gains as ICICI Bank drops BENGALURU (Reuters) - Indian shares erased early gains to end little changed on Monday, weighed down by losses in ICICI Bank after Reuters reported its exposure to a troubled oil trader, while sentiment was hurt by rising coronavirus cases in the country. The Nifty closed 0.05% lower at 9,261.85, while the Sensex ended up 0.19% at 31,648. The indexes had risen as much as 1.3% and 1.5%, respectively, earlier in the session. ICICI Bank Ltd was the biggest drag on the indexes, falling 3.8%, after Reuters reported that the bank had about $100 million exposure to troubled oil trader Hin Leong. Larger peer HDFC Bank Ltd, however, led gains with a 3.8% jump after the private-sector lender reported an 18% rise in quarterly profit and said it had shortlisted candidates for the position of chief executive officer. But investor sentiment remained weak as the number of coronavirus cases in the country rose to 17,264, including 543 deaths, as of Mond
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- IBN's page on the SEC website