Key
benchmark indices turned flat after opening higher in the morning deals, as
investors digested the outcome from the Karnataka exit polls, where it was mainly
forecast that no party would be able to form the govt in the state on its own.
At
12:10 hours, the BSE index was trading down by 16.98 points at 35,518.81 while
the NSE Nifty was at 10,797.10 down by 9.40 points.
Shares
of Canara bank were trading down by 0.26%.
The Bank has posted a net profit of Rs 4859.77 crore for the quarter
ending March 31, 2018, against a profit of Rs 214.18 crore. The gross NAP of
the bank surged to 11.84 % againt 10.38% on Quarter on quarter.
Shares
of Allahabad Bank were trading down by 2.74% at Rs. 44.45. The Bank has reported
a net loss of Rs 3,510 crores. The gross NAP were placed at 15.96% V/s 14.38%
on Quarter on quarter.
UCO
Bank shares were also down in trade today, down by 2.39% at Rs. 18.35. The Bank
saw net losses at the bank widen to Rs 2,134.36 crore v/s loss of Rs 588.19
crore, Year on Year.
Shares
of Federal Bank were trading down by 0.11% at Rs. 89.95. The bank witnessed a
fall of 43.5% in standalone net profit in the quarter ended March 2018.
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