Moody’s has affirmed a stable outlook for banks including Canara Bank, Oriental Bank of Commerce, Syndicate Bank and Union bank of India. The firm changed the outlook on Punjab National Bank to positive from stable.
251 stocks hit new 52- week low on BSE including Indiabulls Housing Finance, Wockhardt, Jindal Steel & Power, Eris Lifesciences, Godrej Industries and JSW Steel among others.
The top Nifty50 gainers include Indiabulls Housing Finance which is up close to 4 percent followed by HDFC, Adani Ports, Bajaj Finance and Bajaj Finserv while the top losers are Tata Steel, JSW Steel, Vedanta, Hindalco Industries and Hero MotoCorp.
Measures such as removal of surcharge on foreign portfolio investors (FPI) and removal of CSR violation as the criminal offence will cheer market participants.
Banks are parking almost a trillion rupees daily at the RBI’s overnight repo window. That shows they have money but are unwilling to lend.
The speech was like a well-paced innings of MS Dhoni – that started off slowly and cautiously, well-paced in the middle overs and slogging it out towards the end to ensure a victory for team India
Nifty PSU Bank added over a percent led by gains from Bank of Baroda and PNB, which jumped over 2 percent each. Bank of India, Canara Bank, IDBI Bank and Oriental Bank of Commerce were up 1 percent each.
Nifty Bank shed close to 2 percent dragged by YES Bank which plunged 14 percent.
The Nifty likely to consolidate in the range of 10,850-11,200 for the coming week. Auto, Real Estate and NBFC can outperform the index
The top gainers from NSE include Zee Entertainment, YES Bank, Cipla, Hindustan Unilever and IndusInd Bank while the top losers are Indiabulls Housing Finance, Tata Steel, Mahindra & Mahindra, Tata Motors and BPCL.
The top gainers from NSE include YES Bank which spiked 8 percent followed by Bajaj Finance, Bajaj Finserv, Eicher Motors and Indiabulls Housing Finance while the top losers are Vedanta, IOC, Britannia Industries, Bharti Airtel and Tech Mahindra.
870 stocks advanced and 871 declined while 357 remained unchanged on the NSE. On the BSE, 1139 stocks advanced, 1234 declined and 171 remained unchanged.
935 stocks advanced and 755 declined while 395 remained unchanged on the NSE. On the BSE, 1169 stocks advanced, 1159 declined and 160 remained unchanged.
The top gainers from NSE include YES Bank which jumped 5 percent followed by HCL Tech, Bharti Infratel, TCS and Tech Mahindra while the top losers are ONGC, Hero MotoCorp, Bajaj Finance, Indian Oil Corporation and State Bank of India.
PSU banks are likely to see a turnaround in profitability given that most of the pain has been recognized and NPA and credit costs are peaking out
While the government will continue to provide recapitalisation fund of Rs 20,000-30,000 crore each year through the Budget, for which it will use RBI’s surplus reserve transfer, Elara Capital analysts said
The top gainers from the NSE include Tech Mahindra, Larsen & Toubro, HCL Tech, GAIL India and Dr Reddy's Labs while the top losers are Bharti Infratel, IndusInd Bank, YES Bank, UPL and Vedanta.
The top Nifty gainers included Zee Entertainment, Tata Motors, Mahindra & Mahindra, Larsen & Toubro and ICICI Bank while the top losers are ONGC, Tech Mahindra, HCL Tech, NTPC and Hindustan Unilever.
The breadth of the market favoured the advances as 1466 stocks advanced and 306 declined while 340 remained unchanged on the NSE. On the BSE, 1933 stocks advanced, 634 declined and 157 remained unchanged.
The breadth of the market favoured the advances as 888 stocks advanced and 876 declined while 337 remained unchanged on the NSE. On the BSE, 1221 stocks advanced, 1271 declined and 142 remained unchanged.
The top Nifty gainers include Bharti Airtel which jumped over 3 percent followed by Adani Ports, Indiabulls Housing Finance, Zee Entertainment and ICICI Bank while HCL Tech, Bajaj Finance, BPCL, Bharti Infratel and Asian Paints are the top losers.
Nifty PSU Bank cracked over 3 percent dragged by Bank of Baroda, Punjab National Bank, Canara Bank, IDBI Bank, Central Bank of India and Bank of India.
In this part of the article, about dangers of using price-to-book value as a valuation tool, we dwell on the remaining three important cases where investors have to be careful.
In many insolvency-related cases, the realisable value of assets was not even enough to pay back loans and banks took a big haircut on their exposure
The top Nifty gainers include Cipla which jumped over 3 percent followed by Tata Steel, JSW Steel, Bajaj Finance and Adani Ports while State Bank of India, Power Grid, Britannia Industries, Tata Motors and HCL Tech are the top losers.