Closing Bell: Market closes flat with positive bias, Nifty holds 10,500; IOC loses nearly 4% post Q4 results

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Market closes flat with a positive bias; snaps 5-day losing streak.

The market closed flat with a positive bias, backed by strong global cues, as the BSE Sensex closed at 34,651 points and the NSE Nifty at 10,536 points. The market closed mildly in the green, snapping it 5-day losing streak. SBI gained in trade post its Q4 results as its net interest income beat the Street's estimates, however, IOC lost in trade after Q4 results, by nearly 4%. Dr Reddy's Labs was the top gainer today and surged further after posting its Q4 results. Pharma stocks had gained in trade. 

SBI continues to gain in trade, gains nearly 5%.

Market continues to trade flat with a positive bias, Sensex at 34,659, Nifty at 10,540 points.

Pharma stocks are gaining in trade. 

The Indian Oil Company loses nearly a percent in trade post Q4 results.

The market continues to trade flat near to the close of the session. 

IOC posted its Q4 results. Check out the numbers.

SBI is gaining in trade, nearly 3% as of now, as their NII beat estimates.

SBI posts Q4 net loss at Rs 7,718 crore.##SBI posts Q4 net loss at Rs 7,718 crore.

 

SBI posted its Q4 net loss at Rs 7,718 crore, higher than the CNBC-TV18 poll of Rs 2,803.8 crore. The bank's net NPA stands at 5.73%, slightly higher than the 5.61% posted in the last quarter and the gross NPA stands at 10.91%, higher than Q3's 10.35%. India's largest public sector bank's tax credit stands at Rs 4,494 crore as against the expense of Rs 1,472 crore posted last year in the corresponding quarter.

In numbers, the net NPA stands at Rs 1.11 lakh crore higher than the Rs 1.02 lakh crore posted in Q3 and the gross NPA at Rs 2.2 lakh crore as against the Rs 1.99 lakh crore in Q3. The net interest income of the bank, however, stands at Rs 19,974 crore, higher than the poll of Rs 19,469.6 crore and the provisions stand at Rs 28,096 crore. The provisions posted in the last quarter were Rs 18,876 crore.

VIP industries posted its Q4 results. Check out the numbers.

The airline stocks are likely to fall in trade after the release of the Passenger Charter draft.

Flight delayed by over 4 hours? You might get full refund##Flight delayed by over 4 hours? You might get full refund.

Jayant Sinha, minister of state for civil aviation, on Tuesday released a draft- 'passenger charter' in public domain, which is aimed at ensuring safety of the passengers and bringing together passengers' rights in aviation sector.

According to the draft, passengers will be compensated if airlines are at fault for delay or cancellations of flights.

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Check out Dr Reddy's Labs numbers.​

Dr Reddy's Labs is gaining in trade by 2.49% after posting Q4 results.