Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 5.95 points or 0.08% at 7672.25 at 13:48 IST. Among the components of the S&P BSE Finance index, Reliance Capital Ltd (down 3.72%), Central Bank of India (down 3.22%),Indian Overseas Bank (down 3.09%),Paisalo Digital Ltd (down 3.07%),Housing & Urban Development Corporation Ltd (down 2.6%), were the top losers. Among the other losers were Aditya Birla Capital Ltd (down 2.5%), South Indian Bank Ltd (down 2.38%), Capri Global Capital Ltd (down 2.36%), Repco Home Finance Ltd (down 2.33%), and Union Bank of India (down 2.25%). On the other hand, IFCI Ltd (up 12.95%), Aditya Birla Money Ltd (up 7.74%), and SREI Infrastructure Finance Ltd (up 7.02%) moved up.
IFCI reports standalone net loss of Rs 740 17 crore in the December 2020 quarter
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IFCI reports consolidated net loss of Rs 727 12 crore in the December 2020 quarter
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Read more about Infrastructure term lender IFCI posts net loss of Rs 718 cr in Q3 on Business Standard. Infrastructure term lender IFCI Ltd on Friday reported a consolidated net loss of Rs 717.99 crore for the third quarter ended December as expenses ballooned amid a drop in income
Financials stocks were trading in green, with the S&P BSE Finance index increasing 135.65 points or 1.76% at 7852.14 at 09:48 IST. Among the components of the S&P BSE Finance index, State Bank of India (up 13.32%), PNB Gilts Ltd (up 11.48%),Indian Bank (up 9.73%),Bank of India (up 7.06%),Central Bank of India (up 6.18%), were the top gainers. Among the other gainers were Karnataka Bank Ltd (up 5.08%), Bank of Baroda (up 4.81%), Equitas Holdings Ltd (up 4.72%), IFCI Ltd (up 4.12%), and UCO Bank (up 4.1%). On the other hand, PTC India Financial Services Ltd (down 7.52%), Reliance Capital Ltd (down 5.32%), and Dewan Housing Finance Corporation Ltd (down 4.93%) turned lower.