Punjab National Bank Shares Rise After Nirav Modi's Arrest In London

Shares of state-run Punjab National Bank (PNB) rose on Wednesday after the arrest of fugitive jeweller Nirav Modi in London. The stock of the Delhi-based Punjab National Bank rose as much as 4 per cent on the BSE during the session, before closing with a gain of 3.37 per cent for the day at Rs. 93.55. The spike in the PNB shares came after the UK police said fugitive jeweller Nirav Modi was arrested in London and produced in the West...