In the past six months, HDFC Bank has outperformed the market by surging nearly 20 per cent, as compared to 6.7 per cent rise in the BSE Sensex.
The up move in Indian Overseas Bank scrip came after the company announced that it has received tax refunds of Rs 1,238.31 crore from the Income Tax Department (I-T Department)
Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance have hit an all-time low in trades on Friday.
IndusInd Bank on Friday logged its biggest intra-day fall since March 2020; technically the stock has given a fresh downside breakout on multiple time-frames.
Bank stocks today: The Nifty Bank index today fell 2.1 per cent in the intraday trade, to hit a low of 50,440.6 level on the NSE (National Stock Exchange)
HDFC Bank share price: Ahead of the Q2 results, HDFC Bank share price gained 2.8 per cent during the three months to September
Axis Bank Q2 results: Domestic brokerage Motilal Oswal Financial estimates Axis Bank's Q2 profit after tax at Rs 6,630 crore, up 13 per cent Y-o-Y
RBI MOC Policy today: The RBI Monetary Policy Committee (MPC) also kept its key repo rate unchanged at 6.5 per cent for a tenth straight policy
PNB shares have slipped after it announced Rs 109.16 per share as the floor price for the QIP, launched on September 23, that aims to raise Rs 7,500 crore.
Stock market trading strategy: The NIFTY PSU Bank Index is currently showing a downtrend in the near term, indicating a temporary pullback within its overall long-term bullish trend
American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's cutting its key interest rate from a two-decade peak. It's likely to be just the first in a series of rate cuts that should make borrowing more affordable now that the Fed has deemed high inflation to be all but defeated. Consider Kelly Mardis, who owns Marcel Painting in Tempe, Arizona. About a quarter of Mardis' business comes from real estate agents who are prepping homes for sale or from new home buyers. Customer queries, he recalls, quickly dropped almost as soon as the Fed started jacking up interest rates in March 2022 and then kept raising rates through July 2023. As the housing market contracted, Mardis had to lay off about half his staff of 30. It was the worst dry spell he had experienced in 14 years. After the Fed begins cutting rates on Wednesday, Mardis envisions brighter times ahead. Typically,
The Bollinger Bands on the daily scale had contracted to an extremely narrow range of Rs 1,620 - Rs 1,655; thus warranting a breakout in the near-term. Here are the key levels to watch out now.
The Nifty PSU Bank index, the top loser among sectoral indices, was down 1.1 per cent at 6,581.40, as compared to the 0.16 per cent rise in the Nifty 50 at 11:14 AM on Monday.
PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.
HDFC Bank Q1 FY25 results 2024 preview: Analysts at ICICI Securities expect HDFC Bank to report around 2.5 per cent Y-o-Y growth in deposit, but "even slower loan growth on a Q-o-Q basis
Moody's outlook revision was on expectation of a gradual improvement in YES Bank's depositor base and lending franchise, which will help improve its core profitability over the next 12-18 months.
Despite a near 5 per cent rally in HDFC Bank, the derivatives data shows tepid buildup in open interest; options data indicate strong resistance likely in the Rs 1,820 - Rs 1,835 range this July.
Suryoday SFB stock: In a post market-hours exchange filing on Wednesday, Suryoday SFB said its June quarter loans and advances increased a staggering 42 per cent year-on-year (Y-o-Y) to Rs 9,037 crore
Stocks to buy right now: Despite the Sensex hitting the 80,000-mark, there are ample opportunities within the index
ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent