Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 […]
Nifty Bank
While the banking sector may have underperformed compared to the Nifty over the past 6 to 12 months, it remains poised for significant long-term growth due to India’s largely underbanked population. The Nifty Bank index has gained 8.5 percent year-to-date in 2024, compared to an over 13 percent rise in […]
Investors in IndusInd Bank Ltd are notably disheartened by the private lender’s recent performance. So far this calendar year, the stock has tumbled by 11%, contrasting sharply with sector indices Nifty Private Bank and Nifty Bank, which have climbed 5% and 8%, respectively. The provisional operational update for the June […]
Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, finished Friday’s session on a bleak note since they were unable to recover their losses. In the last hour of trading, Nifty 50 managed to close above the dotted lines despite a lackluster day’s progress. Gains in energy stocks helped the […]
The index posted a weekly gain of 3.32%, marking its best weekly performance in CY24 so far. The index’s previous best weekly performance was recorded in December, with a gain of 5.46%. Among the top gainers in the index during this week was Bandhan Bank, which finished with a gain […]
Bank Nifty index hit a record high on Wednesday along with the frontline indices, Sensex and Nifty 50, as the Indian stock market continued its bull rally for the fourth straight session. Sensex surged 280 points to hit a record high of 77,581.46, while the Nifty 50 gained 73 points […]
Indian banks have established themselves on a much stronger footing led by cleaner balance sheets, record profits and inexpensive valuations, foreign brokerage firm CLSA said. “We believe Indian banks are well placed after a rollercoaster decade. Balance sheets are the strongest they have been in over a decade and profits […]
Nifty Bank experienced an intraday decline of nearly 5,000 points or 10 per cent on Tuesday as investors made mincemeat of the markets following poll trends that indicated the INDIA alliance was fighting hard around half past noon against the exit polls that had handed the Bharatiya Janata Party (BJP) […]
NSE Indices Limited, a subsidiary of NSE specializing in index services, unveiled a new thematic index named the Nifty EV & New Age Automotive Index, on Thursday. This index is designed to monitor the performance of businesses within the electric vehicle (EV) sector and those engaged in the advancement of […]
Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit […]