The benchmark BSE Sensex inched up 4.67 points to close at 27,990.21, while the Nifty rose 3.45 points to 8,632.60. The company reported a 76.1% decline in its June quarter net profit to Rs.72.49 crore against Rs.303.14 crore a year ago. According to 3 Bloomberg report, the company may post net profit of Rs.69.97 crore while net sales will be at Rs.546.30 crore. Canara Bank falls 1.5%, Allahabad Bank 1.2%, Punjab National Bank 1.1%, City Union Bank 1.1%, State Bank of India 1%, ICICI Bank 1%, Karnataka Bank 1%, Syndicate Bank 0.9%, Bank of Baroda 0.8%, Oriental Bank of Commerce 0.8%, Indian Overseas Bank 0.8%, Bank of India 0.7%. 11:20am: BSE Sensex is trading lower by 33.65 points, or 0.12%, to 27,951.89, while the Nifty falls 9.55 points, or 0.11%, to 8,619.60.

Source: Mint August 23, 2016 04:16 UTC