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Friday, August 11, 2017
Sensex tanks 350 pts, Nifty breaks 9700; SBI falls 4% post Q1 nos
Benchmark indices extended losses in afternoon following further fall in European peers.
The 30-share BSE Sensex was down 347.46 points or 1.10 percent at 31,183.87 and the 50-share NSE Nifty tanked 118.75 points or 1.21 percent to 9,701.50.
About two shares declined for every share rising on the BSE.
Bank of India’s first quarter profit jumped three-fold to Rs 3,032 crore from Rs 1,046 crore on year-on-year basis.
Numbers were better than analysts’ expectations. Profit was estimated at Rs 2,485.3 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18.
SBI has reported NPA figures on standalone basis.
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