NEW DELHI: Macroeconomic headwinds and doubts over government formation in Karnataka turned investors cautious on Wednesday, which extended the fall in Sensex to a second straight session.The SP BSE Sensex slipped 156 points to settle at 35,387, with HUL (up nearly 4 per cent) being the top gainer and ICICI Bank (down 3 per cent) the worst laggard.The Nifty50 shed 61 points, or 0.56 per cent, to close at 10,741, with 17 constituents ending in the green and 33 in the red.Heres a look at the top movers shakers of Wednesday's sessionPNB: A name you cant bank uponThe battered stock tumbled 13.7 per cent in its biggest intraday percentage drop since February 27, after the lender on Tuesday posted March quarter loss at Rs 13,416.91 crore, the biggest ever by any domestic lender, as bad loans surged.
The stock eventually settled at Rs 75.70 apiece on NSE, down 11.93 per cent.
Syndicate Bank hits 9-year lowShares of the public sector lender plunged as much as 15 per cent in the intraday trade to hit a low of Rs 43.60, lowest since March 16, 2009.
The state-owned lender had on Tuesday reported a net loss of Rs 2,195.12 crore in the last quarter ended March 31, due to high bad loans that required higher provisioning.
Shares of the bank shut shop at Rs 43.85 apiece on BSE, down 12.30 per cent.
Good Q4 lifts ITCFMCG major ITC posted 9.86 per cent year-on-year rise in net profit at Rs 2,932.71 crore for the quarter ended March 31.
Analysts in an ETNow poll had predicted a profit of Rs 2,917 crore.
The firm had posted a net profit of Rs 2,669.47 crore for the corresponding quarter last year.
The stock ended the session at Rs 285.95 apiece on BSE, up 1.47 per cent.Outlier Karnataka Bank shinesShares of Karnataka Bank surged 8.62 per cent in the intraday trade after the management said the lender took entire NPA stress in Q4 and gross NPA was within the 5 per cent target.
The bank on Tuesday reported a 92 per cent slump in net profit at Rs 11 crore for March quarter due to a multi-fold jump in provisioning for bad assets.Fitch affirms RIL ratings, outlook stableGlobal rating agency Fitch on Wednesday affirmed Reliance Industries' long-term foreign-currency rating at BBB-, with a stable outlook.
RIL's rating is supported by its strong business profile, which is driven by its robust refining and petrochemical operations, the agency said in a note.
Shares of the company ended 2.34 per cent lower at Rs 956.45 apiece on BSE.
READ MOREDown and out!Shares of Reliance Communications dropped a massive 20 per cent to Rs 9.95 on BSE in the intraday trade, on the back of bankruptcy proceedings having been initiated against the company by creditor Ericsson.
The stock settled at Rs 10.55 apiece, down 15.26 per cent.Most active stocksReliance Communications (down 15 per cent), PNB (down 12.04 per cent) and JP Associates (up 3.52 per cent) emerged as the most active stocks in terms of volume while RIL (down 2.33 per cent), ICICI Bank (down 3.57 per cent) and Indiabulls RE (up 12.30 per cent).
Spurt in open interestTVS Motor Company witnessed the biggest spurt in open interest at 51.41 per cent, followed by PNB (37.67 per cent) and Muthoot Finance (29.70 per cent).Hindalco slipsShares of Hindalco ended over 1 per cent lower at Rs 240 apiece on BSE after the company posted 24.98 per cent year-on-year drop in profit at Rs 376.97 crore for the quarter ended March.
It had posted a profit of Rs 502.52 crore in the corresponding quarter last year.Credit Suisse 'underweight' on Indian equitiesGlobal brokerage Credit Suisse said it is underweight on Indian equities in an Asia Pacific context, as the domestic equity markets premium has risen to the highest level.
The global financial services major in its strategy report said the MSCI India index has fallen by the least as against Indonesia and the Philippines.
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