Gold Silver Reports (GSR) – State Bank Of India Rallies For Second Day After Q4 Earnings – Shares of the country’s largest government-owned bank rose as much as 5.12 percent to Rs 267 on top of yesterday’s 4 percent gain after it reported March quarter earnings. Trading volume was 13.5 times its 20-day average for this time of the day.
Gold Silver Reports (GSR) – Fuel Prices Raised For Tenth Day In A Row – State-run oil marketers hiked petrol and diesel prices for the tenth day in a row. The price of petrol was hiked by 29 paise today to Rs 84.9 a litre in Mumbai and diesel was raised by 28 paise to Rs 72.76 a litre, according to data released by Indian Oil Corporation Ltd.
Gold Silver Reports (GSR) – Money Market Heads Up: Rupee Seen Weakening In Line With Asian Currencies – The rupee may start trading lower in line with other emerging Asian currencies, while bond traders will be focusing on a sale of Rs 15,000 crore of Treasury bills by the central government.
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Gold Silver Reports (GSR) – SBI Q4 Results today: SBI Too Will Post Q4 Loss, But How Much? — Punjab National Bank (PNB) has reported a record Rs13,417-crore loss for the March quarter (Q4). All eyes are now on State Bank of India (SBI), the nation’s largest lender. India’s largest lender State Bank of India (SBI) is seen reporting on Tuesday a quarterly loss for the second time in row. According to a poll of 14 analysts by Bloomberg, the bank is expected to post a Rs1,728 crore loss for the March quarter, or Q4.
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