MARKET WRAP: Sensex slips 129 pts, Nifty ends at 11,073; RIL declines 2%

All that happened in the markets today

2:17 PM

MARKET CHECK:: BSE Midcap index outperforms Sensex

2:08 PM

SBI Q1 profit jumps 81% YoY to Rs 4,189 cr, moratorium declines to 9.5%

State Bank of India (SBI) on Friday reported standalone net profit of Rs 4,189.34 crore for June quarter of FY21 (Q1FY21), supported by one-time gain from stake sale in SBI Life for Rs 1,539.73 crore. This was 81.18 per cent higher from net profit of Rs 2,312.2 crore reported in the June quarter of FY20. On a quarterly basis, the net profit grew 17 per cent from Rs 3,580.8 crore reported in March quarter of FY20. READ MORE

2:04 PM

Q1 Results | Indian Oil Corporation posts net profit of Rs 1,910.8 crore

2:00 PM

MARKET UPDATE:: Sensex off day's low

1:53 PM

Covid-19 impact on GDP to be felt for years in advanced economies: Fitch

The impact of coronavirus will continue for years as GDP levels in the largest advanced economies remain around 3 to 4 per cent below their pre-virus trend path by the middle of this decade, Fitch Ratings has said in a new report. "There will be lasting damage to supply-side productive potential from the coronavirus shock as long-term unemployment rises, working hours fall, and investment and capital accumulation slow," said Maxime Darmet, Director in Fitch's Economics team. READ MORE

1:52 PM

BUZZING STOCK:: Laurus Lab up 15%

1:41 PM

Q1 RESULTS | State Bank of India posts net profit of Rs 4,189.crore, helped by one-time gain of Rs 1,539.7 crore

-- Gross NPA at 5.44% vs 6.15% (QoQ)

-- Net NPA at 1.86% vs 2.23% (QoQ)

-- Additional provision of Rs 1,836 crore on account of Covid-19

--  Fresh slippages at Rs 3,637 crore

-- Moratorium at 9.5% of term-loan book

1:37 PM

Covid-19 impact on GDP to be felt for years in advanced economies: Fitch

"There will be lasting damage to supply-side productive potential from the coronavirus shock as long-term unemployment rises, working hours fall, and investment and capital accumulation slow," said Maxime Darmet, Director in Fitch's Economics team.
 

Huge uncertainties surround the economic outlook in aftermath of the massive shock in H1 2020. The path that the coronavirus outbreak will take is unknown. READ MORE

1:33 PM

NEWS ALERT :: Niti Aayog submits proposal to Fin Min, PMO to privatise 3 banks, reports CNBC TV18

>> Names include UCO Bank, Bank of Maharashtra, Punjab & Sind Bank

1:26 PM

No BS-IV vehicle registration until decision on sale during lockdown: SC

The Supreme Court on Friday said that no BS-IV vehicles will be registered till it decides the sale of such vehicles during lockdowns to contain the spread of the coronavirus, referring to country's new standards for emissions. The court was earlier irked over the violation of its order and pulled up automobile dealers association for sale of BS-IV vehicles when a nationwide lockdown was announced in the last week of March and extended three times. READ MORE

1:21 PM

Q1 RESULTS | UCO Bank reports profit of Rs 21.5 crore as compared to Rs 601.5 crore loss in Q1FY20

-- NII dips 5.1 per cent YoY to Rs 1,266.7 crore

-- Q1FY21 gross NPA at 14.4% vs 16.8% YoY

1:19 PM

Sun Pharma trades over 2% higher ahead of June quarter nos

1:14 PM

MARKET CHECK:: BSE Healthcare index jumps 3%

1:02 PM

European indices open mixed

12:55 PM

MARKET CHECK:: Top 5 losers on the BSE at this hour