Latest Updates Around The World
India’s major indices Nifty and Sensex closed largely unchanged on Thursday as selling pressure on financial stocks limited gains in auto and FMCG stocks. HDFC Bank, which has the highest weightage in Nifty after Reliance Industries (RIL) emerged as the biggest laggard. The broader Nifty rose 14 points, or 0.06%, to close at 25,496.55, while […]
Outstanding credit to the commercial sector crossed Rs 300 lakh crore at the end of January, up 14.7% year-on-year, signaling a pick-up in loan demand in response to the Reserve Bank of India’s (RBI) 125 basis point cut in policy rates over the past year to boost growth. One basis point is one hundredth of […]
State-owned Bank of Baroda on Friday reported a 4.39 percent rise in consolidated net profit for the December quarter to Rs 5,443 crore, helped by lower provisions as compression in net interest margin curbed core income growth.On a standalone basis, net profit grew to Rs 5,055 crore from Rs 4,837 crore in the same period […]
Foreign institutional investors (FIIs) are piling into India’s public sector banks after a blistering rally added Rs 4.5 lakh crore in market capitalization over the past year, with FIIs raising stakes in 10 of the 12 PSU lenders in the December quarter as improving fundamentals and attractive valuations bring about a major change in investor […]
Indian equity markets showed signs of recovery with a return of buying interest, but traders should brace for higher volatility in the near term, said Rahul Sharma, Director and Head – Technical & Derivatives Research at JM Financial Services.Speaking to ET Now, Sharma said the Nifty 50 has found short-term support around the 25,900-25,950 zone […]
After a quiet week, Indian markets traded in the green on Friday as investors were cautiously optimistic for next week. CA Rudramurthy BV, MD, Vachana Investments shared his insights on Nifty, Bank Nifty and sector-specific opportunities, and urged traders to focus on capital protection in the current bandwidth-constrained environment.Nifty and Bank Nifty levels Rudramurthy identified […]
NEW DELHI, 04/30/2025: A general view of Bank of Baroda on Parliament Street in New Delhi on Wednesday. April 30, 2025. Photo: AMAN RAJ / INTERNAL | Photo credit: AMAN RAJ Bank of Baroda (BoB) on Friday said it has received in-principle approval from the Reserve Bank of India (RBI) for its request to transfer […]
Public sector banks have emerged as the standouts in 2025, with the Nifty PSU Bank Index rising over 26%, significantly better than the Nifty50, which gained just 9.5% in the same period. Even the broader Nifty Bank Index, which includes both public and private sector lenders, lagged behind with a rise of 16%, highlighting the […]
The Indian rupee shocked markets on Wednesday after the Reserve Bank of India (RBI) intervened aggressively to halt a one-way decline, leading to a sharp intraday reversal that reflected how fragile sentiment has become.The rupee rose from near 91 to an intraday high of 89.75 per dollar before falling to around 90.28 even as foreign […]
MUMBAI: Economists expect the Reserve Bank of India to keep its key policy rate unchanged at 5.25% in February as inflation starts rising from record lows and growth remains resilient, several economists said. They said the central bank is likely to retain policy space amid uncertainty over trade talks and upcoming changes in the inflation […]
