MARKET WRAP: Sensex down 190 pts, Nifty below 12K-mark ahead of Budget FY21

All that happened in the markets today

2:19 PM

NEWS ALERT | Wealth creation benefits all and invisible hand of the market enables wealth creation: Subramanian

2:18 PM

NEWS ALERT | Indiabulls Real Estate board OKs merger of some residential and commercial projects of embassy properties

2:14 PM

NEWS ALERT | Wealth created by entrepreneurs directly correlates to taxes collected: CEA Krishnamurthy Subramanian

2:12 PM

2:07 PM

NEWS ALERT | Chief Economic Adviser Krishnamurthy Subramanian briefs the media on Economic Survey 2020

1:59 PM

SBI Q3 result: Lender logs 41% YoY rise in profit at Rs 5,583 cr; NPAs dip

State Bank of India (SBI) Friday posted a 41.17 per cent year-on-year growth in the standalone net profit at Rs 5,583.36 crore for the December quarter of FY20 (Q3FY20). During the December quarter of FY19, the bank had posted a net profit of Rs 3,955 crore. Sequentially, the net profit grew 85.38 per cent, from a profit of Rs 3,012 crore reported in the September quarter of the current fiscal (Q2FY20). READ MORE

1:57 PM

SBI gains 2% post Q3 results announcement

1:46 PM

RESULTS UPDATE:: SBI Q3 net profit at Rs 5,583 cr; NII at Rs 27,779 cr

-- Net NPA at 2.65%
 

-- Gross NPA at 6.94% vs 7.19%

-- NII at Rs 27,779 cr

-- Gross NPA at Rs 1.59 lakh cr

1:33 PM

Economic Survey pegs India's FY20 growth at 5%, expects rebound in FY21

The Economic Survey on Friday projected India's economic growth at 6 per cent to 6.5 per cent in the next financial year starting April 1, saying growth has bottomed out. The growth in 2020-21 compares to a projected 5 per cent expansion in 2019-20. Weak global growth impacting India as well as investment slowdown due to financial sector issues had led to growth dropping to a decade low in current fiscal, it said, adding 5 per cent growth projected for 2019-20 is the lowest it could fall for now. READ MORE

1:33 PM

Market check

1:22 PM

RESULTS CORNER:: Kansai Nerolac consolidated Q3 net profit up 9% at Rs 115.8 crore vs Rs 106.2 crore (YoY)

-- Revenue down 6.7% YoY to Rs 1,331.9 crore vs Rs 1,428.1 cr
 

-- Ebitda up 9.3% at Rs 197.7 cr
 

-- Ebitda margin 14.8% vs 12.7%

-- Other income at Rs 10.6 cr vs Rs 20.1 cr

1:17 PM

Consumer discretionary stocks in focus; Orient Electric, Dixon hit new high

Shares of consumer discretionary goods & services (CDGS) companies were in focus with 11 stocks from the S&P BSE CDGS index hitting their respective 52-week highs on Friday in an otherwise weak market after reporting a healthy set of numbers in the December quarter. Of these, seven stocks – Amber Enterprises, Avenue Supermarts (DMart), Dixon Technologies, Info Edge (India), Jubilant FoodWorks, Orient Electric and Relaxo Footwears – hit their respective record highs today. READ MORE

1:12 PM

NEWS ALERT | Continued global tensions to hit India's exports: Economic Survey 2020

1:11 PM

NEWS ALERT | FY20 GDP growth seen at 5%: Economic Survey 2020

1:09 PM

NEWS ALERT | High non-tax revenue growth not sustainable year after year: Economic Survey 2020