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Wednesday, August 23, 2017

Wall Street rallies on optimism about tax reform

US stocks ended up on Tuesday, with each of the three major indexes posting their best one-day percentage gains in over a week, as lawmakers’ comments on tax reform and the debt ceiling boosted investor optimism.

The Dow Jones Industrial Average rose 196.14 points, or 0.9 percent, to 21,899.89, the S&P 500 gained 24.14 points, or 0.99 percent, to 2,452.51 and the Nasdaq Composite added 84.35 points, or 1.36 percent, to 6,297.48.

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Friday, August 11, 2017

Sensex sinks 250 pts; SBI falls 4% as Q1 NPA worsens further

State Bank of India’s first quarter profit jumped three-fold to Rs 3,032 crore from Rs 1,046 crore on year-on-year basis.

Numbers were better than analysts’ expectations. Profit was estimated at Rs 2,485.3 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18.

SBI has reported NPA figures on standalone basis.

Gross NPA increased to Rs 1.88 lakh crore from Rs 1.12 lakh crore and net NPA jumped to Rs 1.07 lakh crore from Rs 58,277 crore on sequential basis.

Gross NPAs rose to 9.97 percent from and net NPA jumped to 5.97 3.71

State Bank of India earnings included numbers of associate banks that merged from April 1, 2017.