Latest Updates Around The World
Shares of State Bank of India (SBI), the country’s largest public sector lender, are expected to remain in focus during Monday’s trading session after a strong performance in the third quarter of FY26. The bank reported robust earnings growth, steady improvement in asset quality and healthy loan growth, prompting brokerage Nuvama Research to raise its […]
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 […]
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 […]
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 […]
Indian shares fell for the third time in a row on Tuesday, November 25, after a volatile derivative expiry dragged the Sensex and Nifty lower, with heavyweights ICICI Bank, HDFC Bank, Infosys, ITC, L&T and Kotak Mahindra Bank weighing on the indices.The S&P BSE Sensex fell 314 points, or 0.37%, to close at 84,587, while […]
The Indian market ended flat on Monday, with investors taking a breather after the Sensex and Nifty posted the strongest monthly rally in seven months. Modest profit-taking after the start of October was offset by stock-specific gains driven by quarterly earnings, leaving overall sentiment stable.The S&P BSE Sensex rose 39.78 points (0.05%) to close at […]
On Tuesday, the benchmark Sensex fell by around 150 points to settle at 84,628. Despite broader market weakness, six stocks from the BSE PSU Bank Index hit their highest levels in 52 weeks, hitting their highest levels in the past year. Traders and investors often view such breakouts as bullish signals, indicating strong upward momentum […]
Indian equities are on the cusp of a strong upward cycle after nearly a year of consolidation, said Vikas Khemani, founder and CEO of Carnelian Asset Management. Khemani expects the Nifty to scale 29,000 to 30,000 units in the current Samvat year, predicting a market return of 15 to 20%, supported by rising liquidity, policy […]
