In value terms, gross NPAs and net NPAs had reached Rs 48,480 crore and Rs 19,852 crore by end of December 2017, respectively.
A more than $2 billion fraud at India's second-biggest state lender, Punjab National Bank, disclosed less than four months ago, not only left a hole but also underlined how weak the banks' grip on risk is.
The breadth of the market favoured advances, with 1052 stocks advancing, 541 declining and 450 remaining unchanged. On BSE, 1230 stocks advanced, 721 declined and 109 remained unchanged.
Experts and dealers suggest that if fuel is brought under the GST, at a rate of even 40 percent, the price of petrol will go down by Rs 29 while diesel could go down by Rs 14.
"Weakness in the market may continue for the next few days," says Achin Goel, Head of Wealth Management and Financial Planning, Bonanza Portfolio
Going forward, it is not going to be a cakewalk for the bulls as there are multiple hurdles for the Nifty.
The stock also touched a 52-week high of Rs 3,674.00.
The construction of the project is to be completed in 30 months.
On Thursday, the company has reported 55 percent fall in its Q4FY18 consolidated net profit at Rs 20.4 crore on the back of weak operational performance.
B Gopkumar, ED and CEO, Reliance Securities, says a number of quality stocks have become attractive after the recent correction and these can be value investments.
The operating profit or EBITDA was at Rs 274 crore and margin was at 12.6 percent.
Global brokerages are positive on reduced risk from US LNG going forward. CLSA, in particular, sees it as a neat play on higher crude prices.
"10,418, which is the recent low of Nifty can act as a strong support for the current May 2018 expiry," says a report by Dynamic Levels.
UBL's total expenses during the period stood at Rs 3,138.56 crore as against Rs 2,554.41 crore, up 22.86 percent.
Asian markets were mixed after US President Donald Trump canceled a scheduled summit with Kim Jong Un.
On the lower side, the recent low of 10,418 will act as an immediate support for the index, below which it is likely to correct and retest its daily 200-day daily moving average (DMA) placed near 10,330 levels.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
The pollution control board of Tamil Nadu said the smelter, which was shut pending renewal of its operating license, was found last week to be preparing to resume production without permission.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy KPIT Technologies with a stop loss of Rs 260 and target of Rs 290 and Power Finance Corporation with a stop loss of Rs 74 and target of Rs 79 while one may sell RBL Bank with a stop loss of Rs 505 and target of Rs 477.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Exchange.
Delta's announcement in this regard follows agreements between the US and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers in those nations.
“Pullback in the Nifty is likely to continue towards 10,560 and 10,600 levels,” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management.
Speaking at the VivaTech trade fair in Paris a day before new European data protection rules come into force Zuckerberg said Europe's history had made its citizens particularly wary when it comes to data collection.
Rajesh Agarwal of AUM Capital recommends buying Infosys with stop loss at Rs 1197 and target at Rs 1246, a buy in Coal India with stop loss at Rs 274 and target of Rs 288 and a buy also in Housing Development Finance Corporation with stop loss at Rs 1775 and target at Rs 1845.
The award appeared to be a bit of a victory for Apple, which had argued in court that design was essential to the iPhone.