Currently, the entity getting merged is removed from the index and later the weightage of the merged entity is increased
The Reserve Bank of India's (RBI's) 50-bps repo rate hike triggered a sharp pullback rally in banking stocks on Friday. The Nifty PSU Bank index did even better with a rise of 3.01 per cent
IndusInd Bank has addressed key issues that were an overhang on the counter at the bourses - the biggest being the reappointment of its managing director and chief executive officer
From the shift of Sensex to a free-float methodology to the great fall after global financial crisis of 2008-09, and recovery afterwards, here are 16 biggest events for stock markets from 2003 to 2014
It is difficult to purchase such stocks during bull runs when their valuations turn exorbitant
At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.
Inflows through the SIP route have been strong this financial year, even as lump-sum investments have slid
The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
State Bank of India stock was the top performing stock on the Nifty bank index today, and supported the index to claim a fresh record high of 32,683.5 on the NSE. The index is up 100% from March lows
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations
The medium-term trend of Sensex is bullish till the time it defends 44,000 levels
The broader market, too, gained in the trade though it underperformed the frontline indices.
In the past one week, Nifty Bank index has slipped 6 per cent as against 3.3 per cent fall in the Nifty50 index
India Ratings and Research has revised its outlook on the banking sector to 'Negative' for H2FY21.
Central Bank of India, Indian Bank, Canara Bank, J&K Bank, and Indian Overseas Bank were up in the range of 1.9 and 2.7 per cent
The Reserve Bank of India (RBI) is set to meet for the three-day monetary policy meeting between August 4 and 6. Analysts expect the MPC to face dilemma of firmed up inflation and flattering growth
UCO Bank, Central Bank of India and Bank of Maharashtra surged more than 5%, while Bank of India, Union Bank of India, PNB, IOB, Bank of Baroda and SBI were up in the range of 2% to 4% on the NSE