Latest Updates Around The World
Nifty ended sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. The index has fallen sharply after falling below the 21EMA, leading to a significant long recovery period. Commenting on current trends, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty declined towards the 200DMA, where it found […]
The Indian stock market is in a tough patch as the Nifty index is hovering around a key support level of 25,650 after three days of positive momentum. After breaking significant resistance levels earlier this week, the market is now consolidating amid mixed sector performance.Rahul Sharma of JM Financial Services noted, “Right now, we are […]
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 […]
IT services company LTIMindtree on Monday reported an 11% decline in consolidated net profit for the December quarter to Rs 971 crore, compared to Rs 1,085 crore in the same period last year. The profit after tax (PAT) is attributable to the shareholders of the company.However, excluding the one-time impact of the new labor law, […]
Kotak Mahindra Bank, India’s third-largest private lender by market capitalization, on Monday reported a 16% year-on-year increase in its net advances for the December quarter to Rs 4.8 lakh crore, compared to 4.13 lakh crore in the year-ago period. Total deposits in Q3FY26 stood at Rs 5.43 lakh crore, up 15% versus Rs 4.73 lakh […]
India’s largest NBFC Bajaj Finance reported a 15% year-on-year increase in new loans booked in the quarter ended December to Rs 1.39 crore, compared to Rs 1.21 crore in the same period a year ago. The company’s assets under management grew by 22% or Rs 23,600 crore to around Rs 4,85,900 crore in the quarter […]
Among private banks, South Indian Bank’s total advances and deposits rose by 11 per cent and 12 per cent, respectively, to ₹ 96,765 crore and ₹ 1.18 lakh crore at the end of December. | Photo credit: REUTERS/AJAY VERMA Bank lending continued to grow faster than deposits in the third quarter of FY26, according to […]
As India’s heartbeat index, the Sensex marks 40 years after its launch, the idea behind it was forward-looking at a time when the economy was largely inward-looking and market participation was limited and manual, Sebi Chairman Tuhin Kanta Pandey said on Friday.The index evolved along with the economy as India liberalized and integrated with global […]
PSU lender Punjab National Bank (PNB) reported 9.6% year-on-year growth in its global business at Rs 28.92 lakh crore in the quarter ended December, compared to Rs 26.39 lakh crore in the year-ago period. It rose 3.8% QoQ compared to Rs 27.86 lakh crore in Q1FY26.Its domestic business grew 9% year-on-year to Rs 27.65 lakh […]
The reconstruction of the BSE BANKEX index came into effect from December 26, with four new banking entities added to the index. With effect from today, shares of Canara Bank, AU Small Finance Bank, Punjab National Bank (PNB) and Union Bank of India have been included in the said index.No exclusions have been made as […]
