Thursday, 8 December 2016

Sensex, Nifty Finish Strong; Banking Sector Up 1.6%

Indian share market maintained the upbeat mood in the afternoon session supported by positive global cues along with gains in metal stocks, auto sector and IT stocks.

At the closing bell, the BSE Sensex stood higher by 457 points, while the NSE Nifty finished up by 145 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.5% and 1.3% respectively. 

Asian markets finished mixed as of the most recent closing prices.

According to an article in The Economic Times, Public sector banks (PSBs) have written off Rs 1.54 trillion of bad loans between April 2013 and June 2016. During 2013-14, all PSBs written off Rs 344 billion non-performing assets (NPAs). The amount increased further to Rs 490 billion in the following year.

(Looking for Bank stocks?)

PSB’s finished the trading day on a firm note with Indian Bank share price and SBI share price ending in green. Here is a complete list of BSE gainers today.

At the time of writing this share market news, the rupee was trading at 67.43 against the US$ and Oil prices were trading at US$ 50.07.

At last, if you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.


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