Shares of State Bank of India were trading 3.13 per cent lower at Rs 514 on the Mumbai Stock Exchange, while the Indian stock markets traded higher. State Bank of India released its first quarter report. It revealed that the bank has suffered a loss of 7% net profit.
Its effect resonated in the Indian stock markets. SBI shares are trading at Rs 514, down 3.13 per cent since the commencement of trading on the Mumbai Stock Exchange (BSE).
Similarly, SBI shares fell 3.23 per cent to close at Rs 513.85 on the National Stock Exchange. SBI Bank’s shares have declined 7 per cent in the first quarter of the current financial year.
At present, the bank’s net profit has fallen to Rs 6,068 crore. In such a situation, the total income of the bank has come down from Rs 74,998.57 crore to Rs 77,347.17 crore.
Indian stock market status
Meanwhile, the Indian stock markets today started trading on the first trading day of the week with a positive trend.
The BSE Sensex was trading 466.14 (0.80%) higher at 58,853.07. The Nifty closed at 17,525.10, up 127.60 (0.73%) points against the National Stock Exchange.
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