MUMBAI Nov 9 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)
Trending On Reuters
Ready for Rate Hike
Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article