MARKET EYED SBI RESULT ON 10 AUG 2018

TOP GAINERS: Hero MotoCorp, Mahindra & Mahindra, ITC & Kotak Mahindra Bank 
TOP LOOSERS: State Bank of India, Sun Pharma, Vedanta, & Tata Motors

On Friday market was moving on all time high.. the Sensex retreated on Friday owing to profit-booking in recent gainers, including Reliance Industries was down by 1.13 %, State Bank of India and ICICI Bankwas down by  1.32 % amid weak global cues. Today SBI  was in focus. The bank attributed the net loss to lower trading income and significant mark-to-market losses due to hardening of bond yields and higher provision on account of wage revision and enhancement in the gratuity ceiling. 

MARKET SUMMARY 06-08-18

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The benchmark indices settled at record closing highs on Monday, after rallying for the to a second consecutive session led by rise in financial stocks, especially the public sector banks (PSBs).The S&P BSE Sensex settled at a record high of 37,692, up 136 points, while the broader Nifty 50 index settled at a new high of 11,387, up 26 points. In intra-day deals, the S&P BSE Sensex hit a fresh all-time high of 37,805.25 while the Nifty50 index touched its record high level of 11,427.65.Among individual stocks, Axis Bank, State Bank of India (SBI) and ICICI Bank were among the top gainers in the BSE Sensex, settling higher in a range of 3 -4 per cent.