Taking Stock: SBI, Yes Bank biggest losers in banking space; Nifty holds 11,850
Episode 2001, Dec 10, 2019, 10:53 AM
Indian market remained under pressure on December 10 largely weighed down by banking stocks, and from the global front, uncertainty around US and China trade talks along with the outcome of US Fed policy meeting on Wednesday kept investors on sidelines.
Banking stocks remained under pressure throughout the trading session after the State Bank of India (SBI) reported bad loan divergence of Rs 11,932 crore for the last financial year, the country's largest lender said in a notification to exchanges. The stock closed 1.04 percent lower at Rs 313.45.