February 20, 2018 / 6:40 AM / 4 months ago

Sensex, Nifty drop; public sector banks bounce back

(Reuters) - Indian shares ended lower for a third consecutive session on Tuesday, as private sector banks dropped but recovery was seen in state-run lenders, after sharp declines following the $1.77 billion fraud unearthed by Punjab National Bank (PNB) last week.

A broker (L) watches a TV news channel as another monitors share prices at a brokerage firm in Mumbai August 9, 2011. REUTERS/Danish Siddiqui/File Photo

The benchmark BSE index closed down 0.21 percent at 33,703.59. The broader NSE index ended 0.17 percent lower at 10,360.40.

Reporting by Tanvi Mehta in Bengaluru; Editing by Sherry Jacob-Phillips

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