Sensex, Nifty in red zone

ProMASS News Bureau: Aug 22, 2016: BSE Sensex and Nifty maintain their downward movement on Monday. Sensex has lost almost 91 points while Nifty has lost almost 40 points in Monday trade. Asian stock markets performed poorly today. As Sensex moved into Red Zone, Bank stocks have suffered a lot. Pharma, Auto and IT sector too suffered losses.

With New Governor at the helm of RBI, many experts opined against investing in PSU bank stocks. A section of experts believe that it will be prudent to avoid Pharma stocks.