Reuters Market Eye - Shares in State Bank of India fell as much as 2.3 percent on speculation that the bank could report higher-than-expected bad-loans in the October-December earnings on Thursday.
SBI could also miss consensus earnings per share (EPS) estimates by 3 percent in the October-December quarter, according to Thomson Reuters StarMine SmartEstimate data, which measures the forecasts from top-ranked analysts against wider forecasts.
StarMine SmartEstimate suggests EPS for the quarter ending December at 52.50 rupees, compared with mean estimates of 54.15 rupees.
(Reporting by Manoj Dharra)
Trending On Reuters
The BSE Sensex posted its worst monthly fall in more than two years, raising concerns a strong rally that saw indexes surge in the fiscal year was waning due to concerns about stock valuations and a more gradual economic growth. Full Article