On September 03, 2015 09:32 (IST)
Vaibhav Agarwal of Angel Broking says the selloff in banking stocks has been driven by external factors. The fact that a lot of private banks are highly "over-owned" by foreign investors has influenced the selloff, he added.
On September 02, 2015 10:33 (IST)
Sanjiv Bhasin, executive vice president, markets & corporate affairs at IIFL expects 7,600-7,700 to act as a support for the Nifty in the near term. At these levels, it's an opportune time to start collecting stocks, and in in the latter half of September they could yield much better returns, he added. The high volatility in stock markets is very h...
On September 01, 2015 14:16 (IST)
Foreign investors pulled out a record $2.55 billion from Indian markets in August, the highest ever monthly outflow at least since 2002 as per regulatory data.
On August 31, 2015 19:47 (IST)
For deposits of over one year but under two years, they have been cut by up to 0.20 per cent, the official said, while the longer tenor ones of over two years but under 10 years have been cut by up to 0.30 per cent.
On August 20, 2015 18:40 (IST)
The rupee will play a major role in deciding the fate of markets, Mr Manghnani said, adding 66.30 per dollar is a major support for rupee.
On August 19, 2015 10:43 (IST)
Global brokerage Nomura expects falling commodity prices to provide a tailwind to earnings in forthcoming quarters. The drop in food price inflation in July despite a below-normal monsoon suggests that the market might well begin to assign a higher probability to lower rates prospectively, it added.
On August 18, 2015 18:08 (IST)
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks. They account for some 70 per cent of all outstanding loans but have pulled back on new credit for much of the past year, to keep a lid on bad debt.
On August 19, 2015 09:37 (IST)
Ruchit Jain of Angel Broking says investors should not be too worried about Indian markets because of the selloff in Chinese markets. The Nifty has been trading between 8,300 and 8,650 over the last few weeks, but the market breadth has been positive over the last few days, he added. Traders should turn bearish only if Nifty slips below 8,300, said...
On August 04, 2015 11:21 (IST)
Banks, auto and realty stocks would have been the prime beneficiaries if RBI would have cut the lending rates today.
On July 27, 2015 23:12 (IST)
The loan will help bolster bank's efforts to improve farm efficiency by extending customised and affordable agriculture credit, that will help leverage its semi-urban and rural branch network to deliver agriculture credit, the city-headquartered lender said in a statement.
On July 27, 2015 21:10 (IST)
The interest rates in the system have been on a declining trend for the last few months, which have seen the RBI cut its key rates thrice by a cumulative 0.75 per cent.
On July 24, 2015 14:59 (IST)
Net profit rose to Rs 1,978 crore for its fiscal first quarter to June 30 from Rs 1,667 crore a year earlier, the bank said in a filing. Analysts on average had expected a net profit of Rs 1,939 crore, according to data compiled by Thomson Reuters.
On July 20, 2015 14:17 (IST)
The Sensex fell on Monday, retreating from a three-month closing high last week, as investors shunned blue chips a day ahead of the monsoon session of Parliament where key reforms such as land acquisition bill are expected to be presented.
On July 17, 2015 16:38 (IST)
Manav Chopra of Networth Stock Broking told momentum indicators are looking week, so the Nifty is likely to extend gains to 8,650 levels.
On July 17, 2015 10:47 (IST)
Shares of Kotak Mahindra Bank, Axis Bank and Yes Bank saw some selling pressure on Friday amid uncertainty over the new composite foreign direct investment (FDI) norms.
On July 16, 2015 17:49 (IST)
The next major hurdle for Nifty is at 8,670, which is the 61.8 per cent Fibonacci retracement level of the move from 9,119 to 7,940, Mr Manghanani added.
On July 16, 2015 16:01 (IST)
The BSE Sensex on Thursday rallied as much as 280 points or 1 per cent, while the 50-share Nifty edged past the key 8,600 level after nearly three months. July has proved to be a good month for domestic stock markets, with the Nifty gaining nearly 3 per cent so far.
On July 16, 2015 15:44 (IST)
Shares of Axis Bank surged nearly 4 per cent and Yes Bank 3 per cent after the Cabinet approved a composite cap for foreign institutional investment (FII) and foreign direct investment (FDI).
On July 15, 2015 16:02 (IST)
The Sensex and Nifty traded on a strong note on Wednesday tracking gains in the global market. The Sensex jumped as much as 285 points to 28,218 and the Nifty surged nearly 1 per cent to trade firm above psychological level of 8,500.
On July 09, 2015 19:12 (IST)
Axis Bank and IDFC are the managers for the issue, the draft prospectus showed.