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Market at Close | Nifty rises 1% for week despite Friday selloff triggered by SBI slump
The Nifty fell 151 points to close at 24,176, while the Sensex declined 516 points to end at 77,328. The Nifty Bank underperformed, slipping 739 points to 55,311, while the Midcap Index fell 92 points to 61,911.
SBI slips after Q4 NII, operating profit decline sequentially
State Bank of India shares fell 5.57% to Rs 1,031 after the lender reported muted sequential profitability and weaker margins in Q4 FY26 despite improvement in asset quality.
SBI shares plunge 7% after Q4 operating profit falls 16% YoY, NIMs contract 21 bps
State Bank of India shares dropped 7% after the bank reported margin pressure and weaker operating performance in its March quarter earnings. Net interest margins contracted year-on-year and sequentially, while net interest income declined quarter-on-quarter. Operating profit also saw a fall compared to previous periods.
Nifty trades below 24,200 level; PSU Bank stocks tumble
At 14:30 IST, the barometer index, the S&P BSE Sensex dropped 505.91 points or 0.65% to 77,339. The Nifty 50 index fell 133 points or 0.55% to 24,193.20.
SBI shares crash up to 7% post-Q4 results, leading PSU Bank index 4% lower; here's why - Moneycontrol.com
SBI shares crash up to 7% post-Q4 results, leading PSU Bank index 4% lower; here's whyMoneycontrol.com
State Bank of India (SBI) Q4 earnings: Net profit rises 5.6% to ₹19,684 crore, NII advances 4% to ₹44,380 crore - Upstox
State Bank of India (SBI) Q4 earnings: Net profit rises 5.6% to ₹19,684 crore, NII advances 4% to ₹44,380 croreUpstox
SBI Q4 Results: Standalone profit rises 6% YoY to Rs 19,684 crore, beats estimates
SBI Q4 Results: State Bank of India reported a 6% year-on-year rise in standalone net profit to Rs 19,684 crore for the fourth quarter, exceeding analyst expectations. The bank also declared a dividend of Rs 17.35 per share. Despite a decline in operating profit, asset quality improved with a lower Gross NPA ratio.
SBI Shares Underperform Nifty Bank Ahead Of Q4 Results
SBI shares are underperforming the Nifty Bank index which is down around 1.12%, as opposed to SBI, which is down 1.3%.
Axis Bank Shares Fall Almost 2% — Should You Buy, Sell Or Hold?
Axis Bank's pressure in trade today falls in line with Nifty Bank's 1.18% drawdown whereas the Nifty is trading with cuts of more than half a percent.
SBI Q4 Results LIVE Updates: All eyes on FY27 guidance, loan, deposit growth picture
SBI Q4 Results LIVE Updates: India's largest lender, State Bank of India is set to report results for the March quarter on Friday, May 8. According to a CNBC-TV18 poll, SBI's Net Interest Income (NII) or core income is likely to grow by 9% from last year to ₹46,487 crore. Its Net profit is likely to grow by 4% from the year-ago quarter to ₹19,455.4 crore. Net Interest Margins are seen stable at 2.9% from 2.8% last year and the previous quarter as well. Watch this space for all the LIVE updates.
SBI to seek board approval for funds; Axis Bank raises $500 mn
State Bank of India’s board will meet on May 12 to consider raising up to $2 billion through long-term foreign currency bonds in FY27 via public offers or private placements. Meanwhile, Axis Bank has secured a $500 million three-year loan from Japan’s MUFG at SOFR plus 85 basis points, with the funds aimed at lending and general business needs.
