MARKET EYE-SBI gains ahead of Sept qtr results; asset qlty hopes

Wed Nov 7, 2012 1:53pm IST

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Stocks

   

* Shares in State Bank of India rise 2.4 percent on
hopes of better-than-expected results and lower non-performing
loans in the September quarter, with results due on Friday.
* State Bank of India Chairman Pratip Chaudhuri said the bank's
September quarter non-performing asset position looking better
than the June quarter. 
* CLSA said in a report on Friday it maintains preference for
corporate banks, including State Bank of India, which should
benefit as asset quality concerns fade gradually.

 (abhishek.vishnoi@thomsonreuters.com)
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