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- China Launches Discrimination and Dumping Probes into US Chips ahead of Trade Talks
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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 |
14/09/2025
China's Ministry of Commerce initiated an anti-discrimination investigation into US trade policy over chips on Saturday, as well as a separate investigation into dumping, a day ahead of a new round o
Asharq Al Awsat
12/09/2025
European Central Bank chief Christine Lagarde said Thursday she was "confident" officials would seek to reduce uncertainty as France's crisis rattles investor confidence, and suggested the bank was r
AFP
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Oracle's shares rose on Thursday, adding to a record run in the previous session and lifting stocks across the tech sector, as the company inches closer to the trillion-dollar club on soaring gains f
Kuwait Times
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Stock markets rose Wednesday, with some Asian indices reaching record heights, as expectations of more cuts to US interest rates offset escalating geopolitical tensions. The dollar steadied ahead of
AFP
11/09/2025
EU chief Ursula von der Leyen will seek to defend her trade deal with Donald Trump in an address to the bloc's lawmakers Wednesday -- with many seething over an outcome they see as a surrender to Was
Asharq Al Awsat
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