Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets opened flat with a positive bias on Friday morning. S&P BSE Sensex was still below 52,400 while the NSE Nifty 50 index struggled to breach 15,700. Infosys, TCS, Tech Mahindra, were among the laggards on Sensex while Mahindra & Mahindra, ICICI Bank, and Reliance Industries were the top gainers. Broader markets were outperforming the benchmark indices while India VIX, the volatility gauge, was up with marginal gains. Bank Nifty was in the green along with other sectoral indices, except Nifty IT and Nifty Metal.
Banks could see an increase in loan losses by as much as 232 basis points on year to 9.8% by the end of this financial year, said the Reserve Bank of India (RBI). However, the central bank has said that lenders are well capitalised to manage any stress emerging. As an aftermath of the pandemic led lockdown and business disruption, the gross non-performing asset (NPA) ratio could rise to 10.36% by March next year if the stress is moderate and 11.22% if it is severe, RBI said on Thursday. To tide over the crisis, most banks have maintained adequacy ratios above the mandated 9%.