Gainers & Losers
MUMBAI - ICICI Bank Ltd, India's biggest private-sector lender, booked a 14 percent rise in quarterly profit on Friday, roughly matching analyst estimates and setting a record, as growth in income from interest and fees outpaced growth in bad loans.
MUMBAI - Bank of Baroda Ltd increased bad debt provisions by 66 percent in the third quarter, contributing to a big drop in profits, and the bank said bad loan growth would remain a problem in the short term.
MUMBAI - The BSE Sensex and Nifty fell more than 1.5 percent on Friday after earlier hitting a record high for a seventh session in eight, as ICICI Bank and Bank of Baroda posted disappointing results, while Coal India fell on the government's discounted stake sale.
MUMBAI - India sold a 10 percent stake in state-run behemoth Coal India Ltd on Friday, in a bumper sale which saw demand from institutional investors marginally exceed supply, giving a welcome boost to the government's faltering divestment drive.
NEW DELHI - India revised up its economic growth to 6.9 percent from 4.7 percent in the fiscal year to March 2014 on Friday after the government changed the formula to measure the economy, a move that will make it easier for the government to meet fiscal deficit goals.
NEW DELHI - Indian conglomerate Adani Group unveiled a wide-ranging restructuring of its businesses on Friday in a move designed to make it easier for the group to expand its mining, ports and power operations.
REUTERS - Crude oil will likely continue falling before posting only a mild recovery in the second half of this year, a Reuters survey of analysts showed on Friday, with prices set to average even less in 2015 than during the global financial crisis.
All Indian Indices
|Symb||Index||Mkt Report||Time||Last||Chg||Chg %|
|.BSESN||BSE Sensex||6:17pm IST||29,182.95||-498.82||-1.68%|
|.CNXMDCP||CNX Midcap Index - NSE||3:32pm IST||13,124.10||-55.00||-0.42%|
|.CRSLDX||S&P CNX 500 Index - NSE||3:32pm IST||7,166.70||-90.55||-1.25%|
|.NSMIDCP||Nifty Jr||3:32pm IST||19,546.45||-119.15||-0.61%|
|.TRXFLDINP||Thomson Reuters Equity India Index||4:15pm IST||958.58||-10.52||-1.09%|