Share Market News Today | Sensex, Nifty, Share Prices LIVE: Equity benchmark indices soared on Thursday, reversing the quick term weakness that emerged earlier in the week. At the closing bell yesterday, S&P BSE Sensex was up 358 points at 52,300 whilst the Nifty 50 index ended at 15,737. Nifty futures on Singapore Exchange had been trading 29 points larger on Friday morning, hinting at continued positive momentum on Dalal Street. Global cues had been, having said that, mixed even even though Wall Street soared to record highs. Shanghai Composite and TOPIX had been down in the red whilst Hang Seng, Nikkei 225, and KOSPI surged larger.
India’s biggest lender, State Bank of India could transfer terrible loans worth Rs 20,000 crore to the National Asset Reconstruction Company. The mentioned quantity will be component of the Rs 89,000 crore from 22 accounts identified by banks to be transferred to the proposed NARC. The non-performing assets (NPAs) identified by SBI involve Essar Power Gujarat, Coastal Energy and Reliance Naval. Over time, lenders are anticipated to move loans worth almost Rs 2 lakh crore to the terrible bank. Earlier this year, in her Budget speech, finance minister Nirmala Sitharaman had announced setting up of an asset reconstruction organization and an asset management organization for the resolution of stressed assets.