Indian Indices Continue Slump, PSBs Under Pressure, Top Stocks In Action

Besides, in the five-financial years since 1 April 2013, banks have reported 13,643 cases of fraud involving a total amount of Rs 527.2 billion.

While the bad loans struggle has been going on since a decade, there are other issues that have recently cropped up adding to PSU's pile of misery. Bureaucracy and a lack of autonomy have ensured the sub-optimal profitability and asset quality of these state-run banks.

This has reflected in their stock performance too. The returns of PSBs over the last five years have underperformed at the Sensex.

Global Financial Markets Slump as Trump's Key Economic Advisor Quits

Global financial markets were on edge after US President Donald Trump's Economic Advisor, Gary Cohn, announced his resignation.

Market participants believed that the former president of Goldman Sachs was a moderating voice in Trump administration, helping to temper more aggressive views on economic policy and especially trade.

Global markets also reacted negatively to the resignation. European stocks dropped in early trading, with many key indexes down by about 0.5%. Losses exceeded 1% in some Asian markets.

Indian Share Market Update: Top Gainers and Losers

BSE-30 33,033 (-283)
Top Gainers Mar 7, 2018 (Close)
ITC LTD 259.20 1.05%
MARUTI SUZUKI 8,679.00 0.70%
ASIAN PAINTS 1,107.95 0.47%
TATA MOTORS 348.00 0.40%
BAJAJ AUTO 2,910.45 0.36%
Top Losers
ADANI PORTS & SEZ 377.45 -6.53%
SBI 246.65 -3.84%
BHEL 85.45 -3.12%
ICICI BANK 286.70 -2.85%
BHARTI AIRTEL 403.40 -2.53%
NSE-50 10,154 (-95)
Top Gainers Mar 7, 2018 (Close)
HCL TECH. 949.55 1.80%
ITC LTD 259.90 1.33%
ZEE ENTERTAINMENT 565.10 1.00%
MARUTI SUZUKI 8,679.10 0.73%
ASIAN PAINTS 1,107.25 0.51%
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Disclaimer: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment ...

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