Latest Updates Around The World
Kaynes Technologies’ sharp 43% decline from its October peak, capped by a steep 12.5% decline on Friday, has raised questions about whether the stock is approaching a reversal zone or sliding into deeper losses. While momentum indicators remain firmly bearish, the wide gap to the 200-day moving average signals potential mean-reversion opportunities for tactical investors.Edited […]
Markets started the week on an optimistic note and continued their upward momentum, largely supported by favorable domestic cues. With the Nifty nearing the 26,000-point mark, analysts say some consolidation cannot be ruled out before another breakout. “However, the overall trend remains positive with immediate support around 25,650 and major support around 25,450. We recommend […]
Brady House Branch of Punjab National Bank in Mumbai | Photo credit: FRANCIS MASCARENHAS Punjab National Bank (PNB) will face an impact of an estimated 90 billion rupees ($1.03 billion) if the lender moves to a central bank-imposed credit loss framework by 2031, its CEO said on Monday. The country’s third-largest state-owned lender by market […]
Ashok Chandra, Managing Director and Chief Executive Officer of Punjab National Bank (PNB), expects the VAT rate reduction to boost progress in retail and MSME (Micro, Small and Medium Enterprises) by 1 to 2 percent. Talk to business line after announcing the financial results for the July-September quarter (Q2 FY26), he also hoped that the […]
Public sector bank Punjab National Bank on Saturday announced its FY26 results, with profit after tax (PAT) up 14% y-o-y to Rs 4,904 crore, while net interest income (NII) fell 0.45% y-o-y. The NII stood at Rs 10,469 crore at the end of the second quarter of FY26, which is lower than Rs 10,517 crore […]
The Indian market advanced on Friday, supported by gains in financial heavyweights amid renewed inflows of foreign portfolio investors (FPIs) over the past three sessions. Optimism ahead of the quarterly earnings season added to the bullish sentiment, although Tata Consultancy Services (TCS) limited broader gains after reporting weaker-than-expected quarterly results in September. The S&P BSE […]
