February 08, 2017 03:26 PM IST Shares of Punjab National Bank dipped 3.68 percent, Bank of Baroda lost 2.58 percent, AXIS Bank went down by 2.19 percent, SBI lost 1.62 percent and Kotak Mahindra Bank 1.55 percent on BSE.
_356X200_2932_356.jpg "MF exposure in bank stocks hits a record at Rs 94,000 cr")
August 08, 2016 02:10 PM IST Fund managers have been raising their allocation to banking since February. Prior to that, they had trimmed exposure to the sector between November and January due to higher bad loans.
June 27, 2016 09:19 PM IST US bank stocks led a steep decline on Wall Street on Monday as aftershocks from Britain's vote to leave the European Union roiled global markets for a second day.
October 16, 2015 08:46 AM IST Bank stocks may take a stick from the market today, after the Enforcement Directorate said it was investigating a whole host of banks in a scam that involved funnelling out Rs 557 crore from the country.
August 19, 2015 04:09 PM IST In comparison, equity fund managers deployment in software stocks stood at Rs 27,596 crore in July last year. Industry experts said that fund managers raised their allocation to software stocks due to declining rupee against the US dollar.
August 17, 2015 02:33 PM IST In comparison, equity fund managers' deployment in banking stocks stood at Rs 55,086 crore in July 2014. Industry experts said that fund managers raised their allocation to bank stocks expecting a rate cut by the Reserve Bank.
June 16, 2015 04:39 PM IST In comparison, equity fund managers' deployment in banking stocks stood at Rs 48,419 crore in May 2014. According to industry experts, fund managers raised their allocation last month to bank stocks expecting a rate cut by the Reserve Bank of India (RBI).
April 09, 2015 04:20 PM IST MF investments in bank stocks declined to Rs 73,575 crore as on March 31 after hitting an all-time high of Rs 77,805 crore in the preceding month, according to the latest data available with Securities and Exchange Board of India (Sebi).
November 24, 2014 09:59 PM IST The dream run continues on Dalal Street with Nifty ending above 8,500 for the first time as major indices hit record highs - metals and bank stocks lead the rally.
November 12, 2014 03:06 PM IST According to the latest data available with Securities and Exchange Board of India, MF investments in bank stocks as on October 31 surged to Rs 62,718 crore, accounting for 19.91 percent of the total equity assets under management (AUMs) of Rs 3.15 lakh crore.
November 03, 2014 08:39 AM IST According to Sanger, there is surplus liquidity in the world and scarcity of growth and India is the only bright spot. Its GDP is expected to move from 5 percent to 6.5 percent in the next few years. He says the outlook for India has improved in past few months.
October 27, 2014 03:28 PM IST Software was the second most preferred sector with MFs, last month with an exposure of Rs 31,834 crore, followed by pharma (Rs 21,908 crore), auto (Rs 18,892 crore) and finance (Rs 16,358 crore).
November 05, 2013 03:32 PM IST According to the latest data available with Sebi, the mutual fund (MF) industry's investment in banking stocks stood at Rs 26,838 crore as on September 30, accounting for 15.75 percent of their total equity assets under management (AUM) of Rs 1.70 lakh crore.
October 11, 2013 11:15 AM IST The market right now is in the resistance zone of 6100-6200 and has run up quite a lot and valuations too are becoming a little expensive. Vibhav Kapoor of IL&FS feels the Infy stock is fairly valued at current levels.
August 21, 2013 10:19 AM IST Sampath Kumar, Banking Analyst, Institutional Equities, IIFL who prefers retail-oriented banks over wholesale-funded banks, feels that the multiples of private banks should come down further. Among private sector lenders, IndusInd Bank is better placed than YES Bank, he added.
August 07, 2013 10:19 PM IST Experts say the fall is due to fears that further depreciation in the rupee will result in the RBI not rolling back its recent tightening measures which it had undertaken to make short term money more expensive.
July 22, 2013 11:30 AM IST Since dollar denominated revenues make sense at this point of time, IT, barring TCS, was quoting anywhere between 11 and 12-13x or so on. Midcap ITs were going for 8 and 9x and this is less than a month ago and IT stocks continue to outperform.
July 17, 2013 07:09 PM IST Gautam Sinha Roy, VP - equity strategy and product, Motilal Oswal Securities says, in an interview to CNBC-TV18, suggests investors to be wary of defensives and bet on bank-stocks, TCS and ITC.
April 02, 2013 04:33 PM IST Mutual funds in the country are betting “dangerously high†on the banking stocks, claiming about 20 percent of their portfolio allocations amid concerns that the banks would post an erosion in the quarterly earnings, according to a study by Assocham.
April 02, 2013 01:12 PM IST Dolat Capital has come out with its report on banking sector. The PSBs can be the significant beneficiaries of improvement in the economic growth, as the asset quality deterioration slows down, and recoveries start rising. Among PSB's one can prefer SBI, PNB and Union Bank, says the research firm.
March 25, 2013 07:37 PM IST PSU banks are likely to outperform private banks in the next 5 to 10 days, says Sudarshan Sukhani, s2analytics.com.
January 01, 2013 03:30 PM IST After a year marked with big gains of over 25 per cent, the market experts are hoping that the rally will continue on Dalal Street in the new year and are particularly bullish on pharma, FMCG and private bank stocks.
December 28, 2012 03:55 PM IST In an interview to CNBC-TV18, BK Batra, Deputy Manager of IDBI said that, they have not targeted any high growth and overall also credit growth in the banking sector has been lower than projected. There are some restructurings are already there in the pipeline and they are going to get concluded within the next two-three days.
September 17, 2012 06:11 PM IST Market experts Sudarshan Sukhani of s2analytics.com and Tushar Pradhan, CIO, HSBC AMC suggest investors on CNBC-TV18 to maintain long positions on the bank Nifty and look to buy banks whenever they come down on corrections.
April 12, 2012 02:46 PM IST The BSE Sensex and Nifty extended gains, led by lenders such as State Bank of India as investors bet on an interest rate cut from the Reserve Bank of India (RBI) after industrial output data was much weaker than expected.
