Q1 results today: The State Bank of India (SBI) will declare Q1 results today. The PSU bank has already informed the Indian stock market exchanges that the board of directors of SBI will consider and approve unaudited financial results for the April to June 2024 quarter in its board meeting […]
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Buy or sell stocks for today: The Indian stock market broke a five-day losing streak on Friday, buoyed by strong global market sentiments. The Nifty 50 index soared to a new peak of 24,861, finishing 428 points higher. The BSE Sensex also saw a significant surge, skyrocketing 1,292 points to […]
Bank Nifty index traded flat with a positive bias on Friday following three consecutive sessions of decline this week. Gains in counters such as Kotak Mahindra Bank, IndusInd Bank, AU Small Finance Bank, and ICICI Bank were offset by selling pressures in Federal Bank, Axis Bank, and HDFC Bank shares. […]
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 […]
Buy or sell stocks: Despite strong global cues on rising optimism for the US Fed rate cut, the Indian stock market remained sideways on Friday last week. The Nifty 50 index finished marginally higher at 24,168, whereas the BSE Sensex went off 53 points and closed at 79,478. The Bank […]
State Bank of India, the country’s largest public sector bank, announced on Wednesday, June 19, that its board has approved a plan to raise up to ₹20,000 crore through long-term bonds in the financial year 2024-25. “The Central Board at its meeting held today i.e. 19th June 2024 has, inter […]
Banking Q4 Review Reviewing the Q4 results for the banking space, the brokerage pointed out that banks, including Small Finance Banks (SFBs), in its coverage have sustained robust credit growth, aligning closely with anticipated 17 percent year-on-year growth (excluding HDFCB). While some banks have voiced concerns regarding corporate growth due […]