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 […]
The Indian market ended lower on Monday, with the Sensex and Nifty retreating as global trade war rhetoric returned to headlines and disappointed heavy gains at home. The BSE Sensex on Monday fell as much as 629 points intraday to touch a low of 82,941.01, while the NSE Nifty 50 fell 0.7% to an intraday […]
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 quarterly rebalancing of the Nifty Indices, which will take place on December 30, is expected to lead to notable portfolio adjustments in several frontline indices including the Nifty 50 and Nifty Bank.This exercise, which involves aligning index constituents with updated free-float weights and revised methodologies, is likely to result in measurable inflows and outflows […]
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 […]
Markets regulator Sebi has given in-principle approval to the registration of ‘Raajmarg Infra Investment Trust’ (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements in the next six months, an official statement said on Friday.As part of the process to secure final registration, RIIT will have […]
MUMBAI: Shares of PSU Bank fell over 5% on Wednesday after the finance ministry clarified that it is not considering any proposal to increase the foreign direct investment (FDI) limit in state-run lenders from 20% to 49%, Our Bureau reports. Analysts said valuations may not be cheap after the recent surge and further profit bookings […]
India’s state-owned banks are in turmoil. The Nifty PSU Bank index rose as much as 2% on Monday, extending one-week gains to nearly 7%, as foreign investors, policy buzz and improving balance sheets fueled a rally that has gripped the public sector banking sector. The index closed lower in just one session last week, with […]
