GIFT Nifty down 70 points; here’s the trading setup for today’s session
Equity markets traded sideways throughout the session to close with losses as FIIs continue their selling streak. “Markets are facing pressure and tend to remain volatile amid uncertainty around US presidential elections slated to be held on November 5th. The second leg of Q2 results will resume in the next week post-Diwali. Market seems to…
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GIFT Nifty down 10 points; here’s the trading setup for today’s session
Equity markets managed to continue pull back from lower levels for the second day with recovery coming in the last hour and closed with gains “After 8% fall from all-time high, Nifty is witnessing some pull back ahead of Diwali, as investors get into festive mood. Overall, we expect the markets to remain range bound…
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Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of rate-sensitive stocks – banks and NFBCs – rallied up to 4% on Wednesday morning after the Reserve Bank of India (RBI) changed its policy stance to ‘neutral’ from ‘withdrawal of accommodation’ earlier. Led by gains in financials, the Sensex also jumped 500 points. The change in stance is being seen as a step…
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Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight…
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GIFT Nifty signals a positive start for D-Street. Here’s the trading setup for today’s session
Domestic markets, after a lacklustre start on Tuesday, came under pressure and closed with losses, marking a second straight day in the red. “We expect the market to continue its consolidation mode due to the lack of any major positive trigger. However, investors should use this dip as a buying opportunity in quality stocks especially…
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F&O Ban List: Sun TV among 15 stocks under trade ban on Tuesday
Fifteen stocks are under F&O trade ban on Tuesday viz. Aditya Birla Capital, Aditya Birla Fashion & Retail (ABFRL), Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, India Cements, Indiamart Intermesh, LIC Housing Finance, Manappuram Finance, Punjab National Bank (PNB), RBL Bank, Steel Authority of India (SAIL) and Sun TV Network. Gujarat Narmada Valley Fertilizers…
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PNB shares rally 7% after reporting 159% YoY jump in Q1 profit. Should you invest?
Shares of state-owned lender Punjab National Bank (PNB) rallied 7% to the dayβs high of Rs 128 on BSR after reporting a 159% year-on-year (YoY) jump in its net profit for the quarter ended June 30, 2024, while the bankβs net interest income (NII) rose to Rs 10,476 crore, up by 10% YoY. The net…
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Banks Q up for Rs 40,000 crore equity fundrace
Mumbai: Banks are preparing for collective equity fundraise of nearly βΉ40,000 crore in the second half of this financial year, show data compiled by ET. They are expected to use the fresh capital to reinforce balance sheets, mainly to support expansion. The boards of state-run Punjab National Bank (PNB) and Bank of Maharashtra have approved…
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