February 19, 2018 / 7:48 AM / a year ago

Sensex, Nifty fall as lenders drag after $1.77 billion bank fraud

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, August 25, 2015. REUTERS/Shailesh Andrade/Files

(Reuters) - Indian shares ended lower on Monday, with sentiment hurt as state-run lenders extended losses over worries about a $1.77 billion fraud disclosed by Punjab National Bank last week that has a bearing on some other banks.

The benchmark BSE Sensex closed down 0.69 percent at 33,774.66.

The broader NSE Nifty ended 0.71 percent lower at 10,378.40.

Punjab National Bank fell for the fourth straight day and closed 8.3 percent lower.

Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair

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