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A sizzling rally lures HDFC to do more equity deals - The Hindu BusinessLine

State Bank Of India (SBI) Confident On Asset Quality After Posting Record Profit In March Quarter

State Bank Of India (SBI) Confident On Asset Quality After Posting Record Profit In March Quarter
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Indian shares flat, Asian Paints soars after strong results

IndiaIndian shares flat, Asian Paints soars after strong results Chris Thomas 2 minute read A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India October 4, 2018. REUTERS/Francis Mascarenhas India’s benchmark Nifty 50 stock index was flat in volatile trading on Friday as losses in heavyweight IT and financial shares offset a surge in Asian Paints following strong quarterly results. The NSE Nifty 50 index (.NSEI) edged down 0.09% to 14,683.2 by 0459 GMT, while the S&P BSE Sensex (.BSESN) was 0.03% higher at 48,702.98. Both indexes are set to finish the holiday-shortened week about 1% lower after losses earlier in the week on U.S. inflation worries.

RBI relief measures may cushion NPA blow from second Covid wave: Analysts

The Reserve Bank of India’s (RBI’s) move to announce fresh round of restructuring of loans for individual and small borrowers for up to two years is a start of a possible long-drawn battle, say analysts who hailed the timely action by the central bank but fell short of giving a verdict on the impact on the sector. The possible impact on the banking sector of the announcements is difficult to be assessed at the moment as the Covid-19 situation remains precarious, they say. “The RBI has done something to begin with which addresses the concerns of, both, the lenders and the borrowers because of the uncertainty due to the rising cases and subsequent lockdowns,” says Gaurang Shah, senior VP at Geojit Financial Services.

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