Jan 30, 2015 at 16:05 | Source: CNBC-TV18
Bank of Baroda is under immense pressure post weak earnings. It's net profit tumbled 62 percent due to one-time income tax payment of Rs 410 crore as well as worsening NPA levels.
Jan 30, 2015 at 16:00 | Source: Moneycontrol.com
The 50-share index ended first day of February F&O series at 8808.90, down 143.45 points or 1.6 percent. The Sensex which was within striking distance of the 30,000 mark tanked nearly 500 points. The Sensex slumped 498.82 points or 1.7 percent at 29182.95. About 1258 shares have advanced, 1609 shares declined, and 246 shares were unchanged.
Jan 30, 2015 at 14:45 | Source: CNBC-TV18
CNBC-TV18's Ekta Batra lists out stocks that you should focus on Bank of Baroda, HCL Tech, Coal India, IDFC, Vijaya Bank, Andhra Bank, ICICI Bank
Jan 30, 2015 at 14:00 | Source: Moneycontrol.com
Banks played spoilsport as Bank Nifty lost over 3 percent, dragged by ICICI Bank, SBI, HDFC twins and Axis Bank. Other losers in the Sensex were Dr Reddy's Labs and Coal India.
Jan 30, 2015 at 13:27 | Source: CNBC-TV18
Watch the interview of Sachin Shah as Fund Manager at Emkay Investment Managers with Latha Venkatsh & Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Jan 30, 2015 at 13:24 | Source: CNBC-TV18
Sachin Shah - Fund Manager at Emkay Investment Managers recommends avoiding PSU banks.
Jan 30, 2015 at 12:55 | Source: CNBC-TV18
Check out the stocks that are buzzing the most today - Bank of Baroda (BOB), HCL Tech, Adani Enterprises, IDFC, Ashok Leyland, Hindustan Construction Company (HCC), DB Realty, HDIL & SKS Micro.
Jan 30, 2015 at 12:00 | Source: Moneycontrol.com
Bank Nifty was the biggest loser among sectoral indices, falling more than 500 points (or 2.6 percent) following disappointing performance from Bank of Baroda. PSU Bank index lost more than 5 percent.
Jan 30, 2015 at 11:53 | Source: CNBC-TV18
Worsening asset quality is a worry indeed, but Jignesh Shial, research analyst, IDBI Capital Markets says what is more worrying is that these banks are not growing, putting pressure on margins as well.
Jan 30, 2015 at 11:22 | Source: Moneycontrol.com
Bank Of Baroda disappointed street on Friday by reporting a 68 percent (Y-o-Y) decline in profit at Rs 334 crore for quarter ended December 2014. Higher provisions and tax rate impacted the bottomline.