The Indian market ended in the green on Friday, snapping a three-day losing streak, as a rally in financial stocks fuelled by the Reserve Bank of India’s move to ease provisioning norms for project financing, helped offset concerns over rising geopolitical tensions in the Middle East that could cap further gains. The BSE Sensex advanced … Read more
Over the past week, the banking and financial services sector has regained strong momentum. In calendar year 2025 so far, the Bank Nifty and Nifty Financial Services indices have delivered impressive gains of over 8% and 12%, respectively, significantly outperforming the Nifty 50 benchmark, which has returned just 2.5%. We had earlier mentioned that private … Read more
“We are only trying to navigate any short-term noise that may show up. So, wait for those because you will get dips along the way. Nothing is going to be one way and just use that as an opportunity,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. For the last two sessions, Nifty has … Read more
The Indian market was closed on Wednesday, December 25 on account of the Christmas holiday, while on Tuesday, Indian benchmark indices ended marginally lower, as losses in heavyweight financial and IT stocks offset gains in consumer and auto stocks. With the holiday-truncated week lacking major triggers, analysts expect range bound moves for the benchmark indices … Read more
Shares of IDFC First Bank fell over 5% to the day’s low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and financial stocks. Though the stock managed to recover from its intraday lows around 10:30 pm, it was still down by 3%. Brokerage Motilal Oswal downgraded … Read more
Mumbai: India’s leading equity benchmarks soared to fresh highs on Monday, extending their run of gains for the fourth session in a row. Monday’s rally was backed by Reliance Industries, ITC, the HDFC twins and the pack of financial stocks. The ‘risk-on’ rally in global equities took the Sensex above 65,000 and the Nifty past … Read more
“With the China market flattening out and even actually falling, there was a shift in investor attention from North Asia to India. So, this confluence, low valuation, improving macro, better relative position has created that momentum in the market,” says Sanjay Mookim, JPMorgan.How would you start with the current market setup if you have to … Read more
Four financial service companies, including three banks, from the smallcap space have turned multibaggers since last year’s Holi, according to an analysis by The Economic Times. Karnataka Bank was the top gainer among the financial pack, with a rise of over 153%, followed by Ujjivan Financial Services, whose shares have risen 145%. Meanwhile, South Indian … Read more
“Bank Nifty is also holding very decisively at about 42000 which is a very good sign for the bulls and we should see targets of 44000 in a short while,” says Shilpa Rout, Derivatives – Lead Analyst, Prabhudas Lilladher. It looks like the benchmark indices have taken a breather after the furious rally that we … Read more
The Bank Nifty, which has lagged the Nifty and sectoral indices for pharma and IT since March, is attempting to make a comeback. Synopsis Speculative bullish positions in the derivatives segment are building up in both banking and NBFC stocks even as worries remain over the fate of interest payments and recoveries of advances. MUMBAI: … Read more