Indian shares fall; SBI down as asset quality disappoints
MUMBAI Nov 9 (Reuters) - Indian shares fell on Friday, marking a second day of declines, led by falls in State Bank of India, after the country's biggest lender posted its smallest profit increase this year as bad loans constrained earnings growth.
Shares in SBI provisionally fell 4 percent, while among private banks ICICI Bank fell 1.4 percent.
The BSE index provisionally fell 0.89 percent, while the 50-share NSE index ended down 0.91 percent. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
- Odile batters Mexico's Baja resorts, knocks out power to most area |
- Google launches $105 Android One; eyes low-price smartphone boom
- India tightens Vietnam defence, oil ties ahead of China's Xi's visit
- India says to defend China border after standoff ahead of Xi visit
- Nikkei drops as investors await Fed outcome; SoftBank soars
India will decide on ending government control on diesel pricing after elections in two states next month, an oil ministry source said, even though local prices of the fuel are currently higher than the global rates, making a case for a cut in retail prices. Full Article
India says to defend China border after standoff ahead of Xi visit. Full Article