Citibank now expects 13 per cent earnings growth in FY18, down from the earlier projection of 18 per cent
India's largest public lender State Bank of India rose 0.37 per cent to Rs 312.10
Weak Q2 results led to downward revision of estimates
Growth in other geographies points to a better second half
Overseas investors have been huge sellers since the start of August on concerns of a slowdown in the domestic economy
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The stock has moved higher by 7% to Rs 1,074 after the company reported a consolidated net profit of Rs 455 crore in Q2FY18
India-focussed offshore funds and ETFs are a subset of the overall foreign portfolio investor (FPI) flows
The stock was trading 3% higher at Rs 315, extending its past two days 17% surge on the BSE
SBI, Indian Bank, Canara Bank, IDBI Bank, BOB, Allahabad Bank, BOI and Andhra Bank were up in the range of 2% to 5% on the NSE.
The stock hit fresh 52-week high of Rs 190, up 5%, extending its past three days 19% surge on the BSE.
The stock locked in upper circuit of 5% at Rs 8.22, zoom 104% from Rs 4.02 on October 11, 2017 against 4.5% rise in Sensex.
The stock was up 3% at Rs 190, trading at its highest level since May 11, 2017 on the BSE.
Short-term outlook for the market remains positive till Nifty trades below 10,067 levels
Few trading ideas by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
Soybean prices at the Indore spot market are trading at Rs 2,821 per quintal
The benchmark Nifty has recovered all its losses seen in September to end at a record high on Friday
A 55% rally in its shares this year has helped the lender jump 10 spots to 12th position
Interview with Jyotivardhan Jaipuria Founder and managing director, Veda Investment Managers