Sensex rallies over 200 points; Tata Steel, ONGC stocks jump
Domestic indices started the session on a positive note on Monday, with shares of Tata Steel leading the charge.
The BSE Sensex was trading at 34,217, up 211 points, while the Nifty50 index was trading at 10,515, up 60 points.
Shares of State Bank of India, which fell over 2.5%, were the worst hit on the Nifty50 after the bank reported a standalone net loss of Rs2,416.4cr for the quarter against a profit of Rs2,610cr reported in the corresponding quarter last year. There was GNPA divergence and NNPA divergence of Rs23,239cr and Rs17,518cr, respectively during the quarter. The provision divergence came at Rs5,721cr.
Shares of Tata Steel, Mahindra & Mahindra and Oil and Natural Gas Corp rose 2-5% as investors cheered their Oct-Dec earnings.
The BSE Sensex was trading at 34,217, up 211 points, while the Nifty50 index was trading at 10,515, up 60 points.
Shares of State Bank of India, which fell over 2.5%, were the worst hit on the Nifty50 after the bank reported a standalone net loss of Rs2,416.4cr for the quarter against a profit of Rs2,610cr reported in the corresponding quarter last year. There was GNPA divergence and NNPA divergence of Rs23,239cr and Rs17,518cr, respectively during the quarter. The provision divergence came at Rs5,721cr.
Shares of Tata Steel, Mahindra & Mahindra and Oil and Natural Gas Corp rose 2-5% as investors cheered their Oct-Dec earnings.
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