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- Rafal to develop 4 hotels in Riyadh, Tilal Khuzam units accessible from $1,867 monthly: CEO
- Nasdaq tumbles on renewed angst over AI building boom
- Kuwait Airways, Sri Lankan Airlines strengthen codeshare agreement to expand travel
- Bahrain All Share Index, Islamic Index close higher
- Trump vows economic boom, blames Biden in address to nation
- Landmark India-Oman economic pact set to transform bilateral trade
- Ajman Bank launches digital extension scheme to boost smart services
- Tecom Group launches Dh615 million Innovation Hub Phase 4 in Dubai Internet City
- Global M&A deals hit $4.8bn on strong tech and AI deals
- Kuwait to award $3.9bn EPC contract for Al Kabeer Port Phase I
09/11/2010 00:00 AST
State Bank of India (SBI) plunged nearly five per cent in the early trade on the Bombay Stock Exchange on Tuesday, after it reported a 22.2 per cent decline in its second quarter net profit on Monday.
Reacting to the September quarter numbers, the shares of the country's largest lender slipped by 4.9 per cent to an early low of Rs 3,254.90 on the BSE, becoming the worst performer on the 30-share benchmark Sensex.
Similarly, the scrip lost 4.33 per cent to trade at Rs 3,276.60 on the National Stock Exchange.
Later, the shares were trading down by 2.65 per cent at Rs 3,332 on the BSE and lower by 2.65 per cent at Rs 3,334.35 on the NSE.
SBI posted a 22.2 per cent decline in its consolidated net profit at Rs 2,437.1 crore for the second quarter ended September 30, 2010 against Rs 3,133.1 crore in the same period last fiscal.
Among the other major banking stocks, private-sector lenders ICICI Bank and HDFC Bank were trading in the positive terrain with a gain of 0.53 per cent and 0.42 per cent, respectively, while the mortgage lender HDFC was down by 0.6 per cent on the BSE.
Meanwhile, the Sensex was trading firm at 20,921, up 68.62 points from the previous close.
The Hindu Business Line
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
19/12/2025
President Donald Trump promised Americans an economic boom in an address to the nation on Wednesday, while blaming Democratic predecessor Joe Biden for high prices that have hit the Republican's popu
AFP
19/12/2025
A potent rebound in global M&A is on track to deliver the second-highest total deal value on record in 2025, at a projected $4.8 trillion for the year, up 36% versus 2024, according to a report by Ba
Trade Arabia
18/12/2025
German business sentiment fell to its lowest level in seven months in December, a survey showed Wednesday, with Europe's beleaguered top economy set to end the year on a gloomy note. The Ifo institut
AFP
17/12/2025
Asian markets extended losses with Wall Street on Tuesday as investors prepared for key US jobs and inflation data, while sentiment remains subdued by worries over a possible tech bubble.
Af
AFP
16/12/2025
Europe's embattled carmakers are hoping for a reprieve when Brussels unveils an auto sector package on Tuesday, which could water down an effective ban on new combustion engines initially slated for
Kuwait Times
Financial Information Co.
Saudi Arabia