Sensex tanks 350 pts, Nifty breaks 9700; SBI falls 4% post Q1 nos

Sensex Down

Benchmark indices extended losses in afternoon following further fall in European peers.

The 30-share BSE Sensex was down 347.46 points or 1.10 percent at 31,183.87 and the 50-share NSE Nifty tanked 118.75 points or 1.21 percent to 9,701.50.

About two shares declined for every share rising on the BSE.

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.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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