Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty tanked on Friday morning amid weaker global cues. S&P BSE Sensex, after the initial hours of trade was still down close to 500 points, while the 50-stock Nifty was just shy of the 11,400 mark. All Sensex constituents were trading with losses, except Maruti Suzuki India. Banks were the top drags with SBI, ICICI Bank, and Kotak Mahindra Bank falling the most. Volatility jumped over 7% to sit above 22 levels. All Nifty sectoral indices were trading with losses, Nifty Private Bank index was down the most.
The Finance Minister on Thursday asked lenders to roll out a board approved loan recast plan by September 15. In a meeting with heads of banks and NBFCs, Nirmala Sitharaman asked lenders to put in place a policy which is in sync with the RBI’s guidelines to identify eligible borrowers and release resolution schemes. Additionally, the Supreme Court of India, yesterday directed lenders to not declare any new accounts as NPAs. The apex court said that if an account has not been declared as an NPA by the end of August, it shall not be declared as one until further orders.
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