Sensex cracks over 450pts, Nifty in red;SBI down 2%, Reliance up
Market pressure is further intensified after SBI's Q2 disappointed street. The Sensex is down 473.88 points or 1.7 percent at 27043.80, and the Nifty down 153.95 points or 1.8 percent at 8371.80. About 373 shares have advanced, 2106 shares declined, and 124 shares are unchanged. Sun Pharma, Reliance, HDFC Bank and ONGC are top gainers while Adani Ports, Hero MotoCorp, Asian Paints, GAIL and ICICI Bank are losers in the Sensex.
State Bank of India has posted net profit at Rs 2538 crore in July-September, down 34.6 percent from Rs 3879 crore in corresponding quarter last fiscal. During the quarter, its net interest income (NII) climbed marginally by 1.3 percent at Rs 14437 crore against Rs 14,253 crore in year-ago period. The company's gross non-performing asset (NPA) was at 7.14 percent versus 6.94 percent and net NPA was at 4.19 percent versus 4.05 percent on sequential basis.
Market pressure is further intensified after SBI's Q2 disappointed street. The Sensex is down 473.88 points or 1.7 percent at 27043.80, and the Nifty down 153.95 points or 1.8 percent at 8371.80. About 373 shares have advanced, 2106 shares declined, and 124 shares are unchanged. Sun Pharma, Reliance, HDFC Bank and ONGC are top gainers while Adani Ports, Hero MotoCorp, Asian Paints, GAIL and ICICI Bank are losers in the Sensex. 
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