Clueless Markets end flat...SBI slips over 4% on increased NPAs: After opening on a flat to negative note on mixed global cues, markets traded range bound in negative terrain before recovering towards the end to close flat. The highlight of the day was SBI steller q1 show. Beating estimates SBI posts 137% rise in Q1 Net. However Non Performing Assets (NPAs) rose to nearly 5% triggering a sharp fall of its stock prices.

1. Clueless Markets end flat...SBI slips over 4% on increased NPAs
Market Summary
10-Aug-2012
After opening on a flat to negative note on mixed global cues, markets traded range bound in negative terrain before recovering
towards the end to close flat. The highlight of the day was SBI steller q1 show. Beating estimates SBI posts 137% rise in Q1 Net.
However Non Performing Assets (NPAs) rose to nearly 5% triggering a sharp fall of its stock prices.
SBI Result: The State Bank of India recorded a Net Profit of Rs. 3751.56 crore (up 136.91%) on Net Sales of Rs. 28916.69 crore
(19.50%). The NPM improved to 11.57% as compared to 5.71% on y-o-y basis. The stock lost about 4.26% on BSE during the day.
(Result)
BPCL Limited: For the period while the Net Sales increased by 18.22%, Net Profit dipped by 244.93% and thereby NPM reduced to
16.20% as compared to 5.55% on y-o-y basis. The stock ended up 3.22% on BSE today. (Featured Result)
The market breadth on the BSE closed in negative. Advances and declining stocks were in a ratio of 1135:1573 while 121 scrips
remained unmoved.
The BSE Sensex ended at 17557.74, down 3.13 points or 0.02%. The 30 share index touched a high and a low of 17590.61 and
17471.37 respectively. 13 stocks advanced against 17 declining ones on the benchmark index.
The S&P CNX Nifty lost 2.55 points or 0.05% to settle at 5320.40. The index touched high and low of 5330.10 and 5294.10
respectively. 21 stocks advanced against 29 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6099.61 and gained 0.02% while Small-cap index hammered down by 0.29% to 6549.77.
The broader BSE 500 index decreased to 6707.11 (down 0.10%) and S&P CNX 500 index declined to 4186.95 (down 0.08%).
The volatility as denoted by INDIA VIX lost 1.59% at 16.07 from its previous close of 16.33 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.33%), FMCG (up 0.69%) and Oil & Gas (up 0.27%) were the top gainers.
Consumer Durables (down 1.68%), Automobile (down 1.22%) and Banks (down 0.85%) were the top losers.
The Angels and the Devils
Hindustan Unilever Limited (up 2.13%), Sterlite Industries (India) Limited (up 1.65%), Maruti Suzuki India Limited (up 1.61%), Tata
Consultancy Services Limited (up 1.53%) and Infosys Limited (up 1.50%) were the top gainers on the Sensex.
State Bank of India (down 4.26%), T Motors Limited (down 3.07%), Hero MotoCorp Ltd. (down 2.27%), T Steel Limited (down
ata ata
1.45%) and Coal India Ltd. (down 1.09%) were the top losers on the Sensex.
Benchmark Drivers
State Bank of India (-30.18 points), Infosys Limited (19.84 points), T Motors Limited (-15.39 points), T Consultancy Services
ata ata
Limited (13.45 points) and Hindustan Unilever Limited (13.38 points) were the major Sensex drivers today.
On the other end State Bank of India (-7.58 points), Infosys Limited (4.69 points), T Motors Limited (-4.01 points), T Consultancy
ata ata
Services Limited (3.99 points) and ITC Limited (3.65 points) were the major Nifty movers today.
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.