Private lender Bandhan Bank (Bandhan) during its analyst day last week articulated its strategy on portfolio diversification, geographical expansion and future growth along with delinquency and provisioning assessment for H2FY23. Most importantly, it has set expectations of another Rs 1,500 crore in credit cost for H2FY23 and normalisation thereafter. Overall,…
By Siddhant Mishra The Bank Nifty closed at a record high of 43,596.85, up 498.15 points, or 1.16%, on Thursday, on a day the Nifty50 ended its four-session losing run and rose 48.85 points, or 0.26%, to 18,609.35. The Sensex climbed 160 points, or 0.26%, to 62,570.68, also spurred by…
Indian stock markets will remain closed for 15 days in the calendar year 2023. There are 4 holidays falling on Saturday and Sunday while 15 are on weekdays. In January there is only 1 holiday while in March there are two. Most holidays are in the month of April. In…
By Subash Gangadharan After consolidating for the last few sessions, the Nifty has broken out to new life highs on Wednesday. Zooming into the 60 min chart, we can see that the index is holding above a rising 20 and 50 period MA indicating that the uptrend looks set to…
The Indian rupee is likely to appreciate on Friday on the back of weakness in the US dollar and optimistic global market sentiments. Further, softening crude oil prices may be supportive for the domestic currency as it will reduce Import bills. In the meantime, investors will remain cautious ahead of…
Indian benchmark index BSE Sensex closed the session mildly in the negative territory, 33 points at 62,834, while NSE Nifty closed marginally in the green, reclaiming the 18,700 level after a volatile session of trade, as select heavyweights such as Reliance Industries, Infosys and Bharti Airtel dropped sharply. The sectoral…
Sebi on Wednesday sent a notice to Sahara Group firm, its chief Subrata Roy and others asking them to pay Rs 6.42 crore within 15 days in a case pertaining to flouting regulatory norms.Sebi also warned of attachment of assets and bank accounts, if they fail to make the payment.The…
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Friday, December 9, 2022. Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) and Indiabulls Housing Finance Limited are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban…
By Ajit Mishra Markets have finally reached a record high after spending over a year in a corrective phase. In the recent leg of the up move, recovery in the global markets combined with favourable domestic cues has played a critical role. Meanwhile, restricted participation from the index majors and…
By Siddhant Mishra The benchmarks continued their winning run on Tuesday to close at fresh lifetime peaks as consumer and metals stocks shone. A largely firm trend in other Asian markets and continuous foreign fund inflows also lifted the sentiment. HUL was the biggest winner among the Sensex pack, rising…