Up 13% in 2 days, YES Bank shares hit 7-month high; what’s buzzing?

Up 13% in 2 days, YES Bank shares hit 7-month high; what’s buzzing?

Shares of YES Bank surged as much as 10% in intra-day trade on Monday, extending gains from the previous session, and hit the highest level in over 7 months. The sharp rally in the stock was backed by significant volumes, as more than 647 million shares changed hands on the NSE, which was nearly six … Read more

Ahead of Market: 10 things that will decide D-Street action on Tuesday

Ahead of Market: 10 things that will decide D-Street action on Tuesday

Indian equities ended on a weak note in a volatile trade for the second trading session in a row on Monday. The sharp decline in heavyweights including RIL, ITC and Kotak Mahindra Bank dampened the sentiment on the D-Street. Nifty ended at 19,672, down 73 points. Furthermore, markets have turned anxious ahead of the FOMC … Read more

Ahead of Market: 10 things that will decide D-Street action on Thursday

Ahead of Market: 10 things that will decide D-Street action on Thursday

Indian equity indices, tracking world markets, ended on a solid note near record highs on Wednesday amid bets that the Federal Reserve may announce a rate pause in its policy outcome late at night. Sector-wise, metal pack topped, while there was seen selling pressure in private banking and financial services basket. Here’s how analysts read … Read more

Yes Bank rallies 15% on heavy volumes. Is it ready to become a multibagger?

Yes Bank rallies 15% on heavy volumes. Is it ready to become a multibagger?

Shares of zoomed as much as 15%, scaling new 52-week highs during the Friday’s trading session on the back of heavy volumes and strong technical set up on charts. Furthermore, the bank has moved the National Company Law Tribunal (NCLT) to initiate a corporate insolvency resolution process (CIRP) against Digital Ventures, a wholly-owned unit of … Read more