The BSE Sensex and NSE Nifty showed a nice rebound in late trade on Friday led by outstanding performance by SBI in fourth quarter numbers and sharp recovery in rupee from record low to near previous close.

MUMBAI: Shares of large broking firms extended declines on Wednesday as fourth quarter earnings show that profits from the broking business continue to remain under pressure, even as incomes showed a sharp increase from the previous quarter.

(RTTNews) - Edelweiss Capital Ltd., a leading investment banking and brokerage house, reported a lower consolidated net profit for the fourth-quarter, hurt by higher interest rates, liquidity crunch and severe slowdown in economic activity.

By Bijoy Sankar Saikia May 13 2012 IF Everything else was normal, the sharp drop in rupee against the dollar could be an opportunity foreign institutional inve-stors would have loved to lap up.