Latest Updates Around The World
India’s benchmark indices recovered on Monday, breaking their recent losing streak amid strong gains in financial and energy stocks, with additional support from pharmaceutical and healthcare stocks. The Nifty ended its two-day decline to close at 25,682.75, up 211.65 points or 0.83%, while the 30-share BSE Sensex recovered from a three-session decline to settle at […]
The combined market valuation of six of the top 10 most valued companies eroded by over Rs 3 lakh crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards amid a bearish trend in equities.The benchmark BSE has fallen 953.64 points or 1.14 percent in the past week. […]
Market veteran Gurmeet Chadha has said that five years ago, it was difficult to imagine that the State Bank of India (SBI) would overtake IT heavyweights such as Tata Consultancy Services (TCS) and Infosys in terms of market capitalization. While the Managing Partner and CIO of Complete Circle Consultants stopped short of writing down the […]
Leading public sector lender State Bank of India (SBI) has overtaken IT services firm Tata Consultancy Services (TCS) to become the country’s fourth-largest listed company by market capitalization, riding on a sharp post-earnings recovery and renewed optimism around public sector banks.SBI’s market capitalization now stands at almost Rs 10.92 lakh crore, compared to TCS at […]
Public sector banks are positioned for a significant revaluation from current valuations from 1x book value to 1.5x book value, driven by strong earnings growth and an unprecedented opportunity to monetize real estate investments through REITs, said Deepak Shenoy, founder and CEO of Capitalmind. In an exclusive conversation with ET Now, Shenoy outlined how PSU […]
Indian benchmark indices closed higher for the second straight session on Monday, supported by broad buying across sectors, with financials, auto and consumer stocks leading the gains. The Nifty settled at 25,867.30, up 173.60 points, or 0.68%, while the BSE Sensex rose 485.35 points, or 0.58%, to end at 84,065.75.Meanwhile, the volatility gauge India VIX […]
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 […]
The combined market valuation of eight of the top 10 most valued companies rose by as much as Rs 4.55 lakh crore last week, with Reliance Industries emerging as the biggest gainer, in line with a notable rally in equities.Last week, the benchmark BSE rose 2,857.46 points or 3.53 percent. Among the top 10, Reliance […]
India’s largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (year-on-year) growth in its standalone net profit of Rs 21,028 crore in the third quarter. Net interest income for the same period rose 9% year-on-year to Rs 45,190 crore.The company’s operating profit (before provisions and contingencies) grew 40% year-on-year to […]
Mumbai: Debt capital market (DCM) heads expect a sharp rise in foreign borrowings from domestic companies, including some top government banks, over the next two quarters as the trade deal with India improves investor sentiment towards these companies in what is expected to be a softer global interest rate regime.Bankers said several issuers who stayed […]
