Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity benchmarks surged to fresh highs on the 1st trading session of the week. Now, S&P BSE Sensex sits at 49,269 points though Nifty 50 index was at 14,484. On Tuesday morning, SGX Nifty was trading 32 points reduce, hinting a gap-down commence for equity indices. Global cues also have been weak following a sharp drop in equities on Wall Street on Monday. Asian peers have been trading mixed on Tuesday morning with Shanghai Composite and Hang Seng up with marginal gains though Nikkei 225, TOPIX, and KOSPI have been in the red.
The central bank on Monday mentioned that the gross non-performing asset (GNPA) ratio of banks could double to attain 13.5% by September this year in a base situation though on the larger side it is anticipated to attain 14.8%. The GNPA ratio is used to assess loan losses in the banking sector. The RBI in the report mentioned that if a extreme pressure circumstance happens the undesirable loan ratio of the banking program could be the highest due to the fact March 1997, when it stood at 15.7%. RBI Governor Shaktikanta Das, in the report, mentioned that India’s banking program faced the pandemic with comparatively sound capital and liquidity buffers constructed assiduously in the aftermath of the international monetary crisis and buttressed by regulatory and prudential measures.