New Peaks On Friday, the benchmark Sensex fell by 192 points, closing at 77,415. Despite this market decline, six stocks from the BSE 500 index reached their 52-week highs, marking their highest prices in the past year. A 52-week high is a key indicator for traders and investors, reflecting a stock’s peak value over the … Read more
Air India has launched the ‘Maharaja Club Points Plus’ offer, allowing frequent flyer members to enhance their reward points through conversions from partner banks. The promotion, running from March 6-31, offers members the chance to convert bank reward points into Maharaja Points, with the added incentive of earning up to 50% bonus points on these … Read more
Brokerage firm UBS has a sell view on SBI Cards, Nomura has a neutral rating on IndusInd Bank. Meanwhile, Morgan Stanley and Macquarie have an overweight and outperform rating respectively on ICICI Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on SBI Cards: Sell| Target … Read more
Indian equities ended marginally down on Friday, but benchmark indices clocked weekly gains for the third consecutive time. The weakness on Friday was largely due to the selling pressure in the banking and financial services sector following the Reserve Bank of India’s move to tighten rules on unsecured consumer loans. This move saw shares of … Read more
Technical indicators suggest a minor oversold condition, potentially leading to a modest rebound this week. However, the overall upward potential appears limited due to the prevailing negative structure with Nifty trading below its 20- and 50-day moving averages, according to technical analysts. Stocks such as Persistent, Axis Bank, TCS, RIL, SBI Cards, Birla Soft, Canara … Read more
MUMBAI: Benchmark indices snapped two-week winning streak and net lost over 1% in the week-ended October 20. The rising US bond yields, firm crude oil prices, and weak earnings from IT majors were some of the factors that weighed on the market sentiment. The coming truncated week is likely to bring in volatility as a … Read more
Billionaire Mukesh Ambani, the king of disruption, is at it once again. Just when Bajaj Finance became India’s most valued NBFC following a $40 billion reverse merger of HDFC with HDFC Bank, Reliance Industries (RIL) has already fired a $20 billion salvo to change the pecking order in the world of shadow lenders. Following a … Read more
Brokerage firm Jefferies maintained a buy rating on SBI Cards and Payment Services, JPMorgan downgraded Persistent Systems to underweight, Emkay has a buy rating on Karur Vysya Bank, and ICICIdirect recommends a buy call on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on SBI … Read more
“In case of deletions, the index provider has decided to delete Adani Transmission and Adani Total Gas and Indus Towers as well. In case of Adani Group of stocks, in case of Adani Transmission, the net outflow is to the tune of 190 million dollars. In case of Adani Total Gas it is 170 million … Read more
” We are mindful of the difference between the market share in cards versus the market share in the spends,” says Rama Mohan Rao Amara, MD & CEO, SBI Card.Let us understand things for the quarter gone for Card. NIMs have seen a steep sequential downtick. What is causing this pressure and when do you … Read more