SBI share price has plunged 5% and is presently trading at Rs 208.
Meanwhile, the BSE BANKEX Index is at 26,592 (down 4.1%).
Among the top losers in the BSE BANKEX Index today are SBI (down 4.6%) and INDUSIND BANK (down 13.8%).
Over the last one year, SBI has moved down from Rs 286 to Rs 208, registering a loss of Rs 78 (down 27.4%)..
The BSE BANKEX has moved down from 31,903 to 26,592, loss of 5,311 points (down 16.6%) during the last 12 months.
The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 12.9%) and ICICI BANK (up 8.7%).
JUST IN: Limited-Time Access to Full Transcript of Our Urgent Broadcast on India's Revival
The BSE Sensex is at 31,447 (down 4.7%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 4.1%), SUN PHARMA (up 2.0%) and ULTRATECH CEMENT (up 0.3%). The most traded stocks in the BSE Sensex are SUN PHARMA and BHARTI AIRTEL.
In the meantime, NSE Nifty is at 9,167 (down 5.0%). YES BANK (up 2.8%) and SUN PHARMA (up 2.6%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,447, registering a loss of 6,089 points (down 16.82%).
SBI net profit stood at Rs 56 billion for the quarter ended December 2019, compared to a profit of Rs 40 billion a year ago. Operating income rose 8.7% to Rs 676.9 billion during the period as against Rs 622.8 billion in October-December 2018.
For the year ended March 2019, SBI reported 173.3% decrease in net profit to Rs 30.7 billion compared to net profit of Rs 41.9 billion during FY18.
Revenue of the company grew 10.6% to Rs 2,533 billion during FY19.
The current Price to earnings ratio of SBI, based on rolling 12 month earnings, stands at 15.4x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed volatile trading activity throughout the day today and ended on a flat note.
P&G HYGIENE share price has hit an all time high at Rs 14,100 (up 3.1%). The BSE FMCG Index is up by 0.5%. Among the top gainers in the BSE FMCG Index today are P&G HYGIENE (up 3.1%) and NESTLE (up 2.0%). The top losers include HUL and GILLETTE INDIA (down 0.1%).
BSE Sensex is trading up by 74 points, while the NSE Nifty is trading up by 55 points.
Indian share markets open in green. The BSE Sensex opened up by 131 points, while the Nifty is trading higher by 40 points.
DCM SHRIRAM share price is trading up by 10% and its current market price is Rs 619. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index is DCM SHRIRAM (up 10.3%). The top losers are GODREJ PROPERTIES and TVS SRICHAKRA .
HINDUSTAN COPPER share price is trading up by 5% and its current market price is Rs 145. The BSE METAL is up by 0.8%. The top gainers in the BSE METAL Index is HINDUSTAN COPPER (up 5.2%). The top losers is COAL INDIA (down 0.2%).
View More Indian Share Market NewsAjit Dayal on how India's vaccine strategy will impact the markets.
Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.
Narayana Murthy was one of the first unicorn founders to get the backing of this entity...
In this video, I'll you what I think is the real reason behind yesterday's market crash.
This ignored sector could deliver big short-term profits.
More
Equitymaster requests your view! Post a comment on "SBI Plunges by 5%; BSE BANKEX Index Down 4.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!