The Nifty Bank closed in the green for the third consecutive day in a row on Tuesday supported by strong global cues. The index rose nearly 600 points to close at 47,012. It hit a fresh record high of 47,230 on Tuesday. The Nifty50 index climbed 20,800 levels to hit a fresh record high. Top … Read more
LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday. Shares of LTIMindtree jumped over 2% to the day’s high of Rs 5638 on the BSE while BEL … Read more
Nifty Bank closed lower for the second day in a row on Friday. The index fell over 500 points to close below the 44000 mark, weighed down by the Reserve Bank of India’s (RBI’s) announcement of tightening provisions for consumer loans. Nifty Bank index fell 1.3% to close at 43,583 on Friday pulled down by … Read more
Mumbai: The benchmark Nifty has only corrected 2.5% in October so far, but granular data suggests bigger woes for investors. One such number, the advance-to-decline ratio for Nifty 500 stocks this month stands at 0.39, marking its lowest level in sixteen months, thereby underscoring the severity of the ongoing correction. This metric provides a deeper … Read more
Indian market is expected to open higher on Thursday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 19400 levels in the previous trading session. India VIX was down by 0.17% from 11.75 to 11.73 levels on Wednesday. Volatility cooled off during the day and comforted … Read more
The week gone by saw Nifty50 settling 0.66% lower over the previous week. Yet it was not without action as prominent bulk, block and insider deals worth Rs 10,710 crore were executed during the week. Sizeable block deals that were executed on screen were worth over Rs 10,434 crore with Vedanta walking away with the … Read more
Benchmark equity indices Sensex and Nifty ended almost flat in a see-saw trade on Tuesday as investors traded cautiously, awaiting cues from the US Federal Reserve’s policy stance. Foreign fund outflows and elevated levels of crude oil prices also weighed on investor sentiment, traders said. Nifty ended below 19,700 levels after inching very close to … Read more
The week gone by saw a bunch of prominent block and bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion’s share accounting for Amara Raja Batteries. The other prominent names include Kotak Mahindra Bank, HDFC Bank, Reliance Industries and Power Grid Corporation. Sizeable block deals … Read more
Brokerage firm Citigroup has a buy rating on Federal Bank, Jefferies maintains a buy rating on HDFC Bank, Morgan Stanley recommends an Equal-Weight rating on Avenue Supermarts and Nomura maintains a buy rating on Bandhan Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Federal … Read more
Bandhan Bank is expected to report muted numbers in a seasonally weak quarter, also let down by a sequential decline in loan growth. In its first quarter update, the lender said its loan growth declined 5% on a sequential basis, and deposit growth remained flat. However, erring on the optimistic side, the bank guided for … Read more