Articles by State Bank of India

  • Rupee
    BSE Sensex, NIFTY Gain As Banks, Capital Goods And Power Shares Go Up

    May 28 2012 4:47 AM EDT

    Indian markets opened on a positive note Monday as Bombay Stock Exchange Sensex was trading at 16,360.34, 142.52 or points 0.90 percent up from the previous close and NSE Nifty was at 4,965.20, up 44.80 points or 0.80 percent, in the morning session.

  • Rupee
    Indian Rupee Falls To New Low, Sensex Drops 1 Percent

    May 22 2012 8:10 AM EDT

    Bombay Stock Exchange's benchmark Sensex fell Tuesday by more than 145 points, or 1 percent, as the rupee tumbled to a record low of 55.39 against the dollar.

  • Indian Rupee
    Indian Rupee Falls To Record Low Of 55 Against Dollar

    May 21 2012 8:29 AM EDT

    The Indian rupee Monday touched a record low of 55 against the dollar because of the strong demand for dollar from importers, weak global cues and delay over policy reforms from the government.

  • Indian Shares Close Down, Gold Hits Four Month Low, Eurozone Crisis Weighs

    May 09 2012 9:51 AM EDT

    Bombay Stock Exchange (BSE) sensex closed at a four month low by shedding nearly 67 points on Wednesday as weak global trends triggered heavy fund outflows. The BSE bench mark 30 share index lost 66.60 points to reach 16,479.59, dragged down by sharp declines in Reliance industry and banking stocks. Reliance Industries dropped for the sixth day by losing 1.91 per cent to Rs 695.10 after it cut the estimates for actual natural gas reserves available in its Indian blocks.

  • Asian Shares
    Asian Shares Fall On Negative ECB Outlook, Weak ISM Report

    May 04 2012 7:17 AM EDT

    Asian markets were down Friday as more negative outlook by European Central Bank president Mario Draghi and weaker-than-expected US Institute for Supply Management non-manufacturing report weighed on investor sentiments.

  • Indian Stocks Surge on Global Cues

    March 09 2012 6:31 AM EST

    Indian stock markets surged Friday as sentiment was buoyed by the positive news of Greek PSI debt swap.

  • BSE Sensex
    BSE Sensex Rises in Choppy Trade; Infosys Leads

    March 06 2012 1:51 AM EST

    The BSE Sensex rose 1.7 percent on Tuesday as bargain hunting emerged after falling in the past two weeks, but trading was choppy and analysts were wary about sustaining the gains on doubts about the government's ability to push reforms.

  • BSE Sensex
    BSE Sensex Falls by 1 Percent, Banks Lead Losses

    March 05 2012 4:16 AM EST

    The BSE Sensex fell more than 1 percent on Monday on worries a lower-than-expected showing by the Congress party in the Uttar Pradesh elections would make it difficult for the government to revive stalled reforms.

  • BSE Sensex
    BSE Sensex Up by 1 Percent; ONGC Rallies

    February 29 2012 2:34 AM EST

    The BSE Sensex rose more than 1 percent on Wednesday, with state-run Oil and Natural Gas Corp (ONGC) among the big gainers ahead of a government share sale in the company to raise at least $2.5 billion.

  • BSE Sensex
    BSE Sensex Falls by 1 Percent on Fear of Inflation

    February 27 2012 2:16 AM EST

    The BSE Sensex fell more than 1 percent on Monday, extending last week's 2 percent decline, as high global oil prices revived concerns about inflation in the country that imports about 80 percent of its oil consumption.

  • BSE Sensex
    BSE Sensex Down by 0.9 Percent; First Weekly Fall in 8 Weeks

    February 24 2012 3:44 AM EST

    The BSE Sensex was down 0.9 percent on Friday, heading for its first weekly fall in eight weeks, as investors took profits on concerns about rising global oil prices and the country's widening fiscal deficit.

  • BSE Sensex
    BSE Sensex Falls for Second Day

    February 23 2012 11:17 AM EST

    The BSE Sensex fell for a second consecutive day on Thursday as investors took profits on expiry of monthly derivatives amid concerns about high oil prices.

  • A lone Kingfisher Airlines customer waits in a check-in queue at Mumbai's domestic airport
    Kingfisher Airlines Still in Trouble; Lenders Refuse to Extend Loans

    February 22 2012 6:56 AM EST

    Lenders to Kingfisher Airlines (KING.NS) have not agreed to extend further loans to the debt-crippled carrier, three banking sources said on Wednesday after reports that State Bank of India (SBI) was close to offering a bailout loan package.

  • BSE Sensex
    BSE Sensex Closes 1.54 Percent Lower; Banks Hit Hard

    February 22 2012 6:15 AM EST

    The BSE Sensex closed 1.54 percent lower, after a firm start on Wednesday, with banks and index heavyweight Reliance Industries (RELI.NS) leading the losses.

  • BSE Sensex
    BSE Sensex Eases after 3-day Rally; Sun Pharma down

    February 16 2012 3:11 AM EST

    The BSE Sensex eased on Thursday after a 3-day rally as investor mood was dampened by another delay in sealing a bailout for debt-stricken Greece, which could slow down portfolio inflows.

  • BSE Sensex
    BSE Sensex Up by 1.5 Percent, Breaches 18,000

    February 15 2012 2:49 AM EST

    The BSE Sensex rose 1.5 percent on Wednesday, led by gains in Tata Motors after it reported a better-than-expected quarterly profit, with signs of easing inflation sending stocks of automakers and banks higher.

  • BSE Sensex
    BSE Sensex Closes 0.4 Persent Up, 6-month High

    February 14 2012 6:40 AM EST

    The BSE Sensex rose 0.4 percent on Tuesday to its highest close in more than six months, helped by a late bout of short-covering, although investors remained cautious after a recent rally in the market.

  • State Bank of India
    SBI Q3 Beats Forecast, but Bad Loans Rise

    February 13 2012 8:44 AM EST

    The State Bank of India (SBI), the country's biggest lender, reported an unexpected rise in bad loans for the third quarter, taking the shine off healthy growth in loan demand and interest income that helped it post a 15 percent rise in net profit.

  • BSE Sensex
    BSE Sensex Closes 24.15 Points Up on Hopes of Greek Austerity Deal

    February 13 2012 6:27 AM EST

    The BSE Sensex edged 0.14 percent higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home. Hopes of Greek austerity deal boosted the market.

  • BSE Sensex
    BSE Sensex Closes Down by 0.5 Percent on Slow Industrial Output

    February 10 2012 6:37 AM EST

    The BSE Sensex closed down 0.46 percent on Friday, reversing early gains, after data showed the country's industrial output in December slowed sharply and Morgan Stanley cut its allocation for emerging market stocks.