On May 05, 2016 09:40 (IST)
Nifty is likely to remain in a narrow zone to remain in a trading zone of 7500 and 7800 till there is clarity on how monsoon pans out, says Sachin Shah, fund manager at Emkay Investment Managers.
On May 04, 2016 10:32 (IST)
R Sreesankar, head of institutional equities of Prabhudas Lilladher, believes Nifty is likely to remain in a range of 7,200 to 7,800 with bouts of volatility.
On May 03, 2016 08:19 (IST)
Aditya Agarwal, head technical research at Way2wealth
On May 02, 2016 17:59 (IST)
ICICI Bank's disclosure that loans worth Rs 44,000 crore or 4.8 per cent of its total assets are in the stressed sector triggered a sharp selloff in its shares on Monday. ICICI Bank's warning on bad loans comes days after Axis Bank put corporate loans worth about Rs 22,600 crore under a "watch list".
On April 28, 2016 09:46 (IST)
Nifty is facing a psychological resistance around 8,000 levels and in next one or two days Nifty is likely to touch levels of 8,000-8,100 and till the time 7,900 is not broken on the downside then dips should be used as buying opportunity with stop loss at 7,900 for target of 8,050-8,100 levels, says Sumeet Bagadia, associate director with Choice B...
On April 27, 2016 19:06 (IST)
Axis Bank shares came under selloff pressure on Wednesday, following the private lender's warning about higher bad loans in FY17. Shares of other big lenders - ICICI Bank and State Bank of India - were also hit as asset quality fears returned back to haunt investors.
On April 27, 2016 14:09 (IST)
India's stock markets swung between gains and losses on Wednesday as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while private sector lender Axis Bank fell on expectations of more bad loans in the current financial year.
On April 27, 2016 15:47 (IST)
The BSE Sensex opened sharply lower on Wednesday, but staged a smart recovery soon after. The broader Nifty, which slipped below 7,950 in opening deals, traded flat at 7,964 as of 09.20 a.m.
On April 27, 2016 11:41 (IST)
Axis Bank, the third-largest private lender, yesterday negatively surprised markets with a 1 per cent drop in March quarter profit at Rs 2,154 crore on higher provisions and set aside money in a buffer expecting deterioration in asset quality in future.
On April 26, 2016 22:14 (IST)
Axis Bank Ltd, India's third-biggest private sector lender by assets, said it expected bad loans to rise in the current financial year and credit costs to be sharply higher, after reporting a fall in fourth quarter profit.
On April 26, 2016 17:03 (IST)
The BSE Sensex and the broader Nifty are likely to trend lower for third straight day, tracking weakness in global stock markets on Tuesday. The Nifty futures trading on the Singapore Stock Exchange traded 0.4 per cent lower at 7,844.50, indicating lower start for domestic markets.
On April 22, 2016 20:37 (IST)
Amid reports of stake sale, state-owned IDBI Bank on Friday said there is no formal proposal from L&T Finance Holdings for merger with the bank.
On April 21, 2016 21:01 (IST)
Stressing that fast clearances and automatic process are key to recent surge in FDI inflows, Economic Affairs Secretary Shaktikanta Das on Thursday said all FDI applications received up to March 15 are listed in agenda for the next meeting of Foreign Investment Promotion Board (FIPB).
On April 21, 2016 13:33 (IST)
The Nifty Bank, NSE's sub-index for banking shares, was up over 2 per cent, led by gains in ICICI Bank, Bank of Baroda, SBI and Axis Bank.
On April 18, 2016 15:03 (IST)
FIPB, chaired by Economic Affairs Secretary Shaktikanta Das, will also consider the proposal of Aurobindo Pharma, One97 Communications, Advanced Enzyme Technologies and Macmillan Publishers International Ltd.
On April 12, 2016 23:13 (IST)
Axis Bank, India's third largest private sector lender, on Tuesday announced a cut in its lending rate by 0.15 per cent to bring it at par with its larger rivals.
On April 13, 2016 09:15 (IST)
Aditya Agarwal, head of technical research at Way2wealth, expects some correction in stock markets in the second half of trade today
On April 08, 2016 22:25 (IST)
As the employee unions oppose stake sale in IDBI Bank, the Government on Friday said it is consulting all stakeholders as part of "transformation" of the state-owned lender.
On April 08, 2016 09:09 (IST)
Ruchit Jain, equity technical analyst with Angel Broking, expects the Nifty to test 7,490 in trades on Friday. Markets are in a corrective mode after the spectacular rally seen last month, he said. The Nifty has first support near 7,490 and then at 7,420 and investors should take long positions around 7,420, Mr Jain added.
On March 29, 2016 15:39 (IST)
The auto and metals sub-indices of NSE are up nearly 1 per cent each. Hindalco, Maruti, Tata Steel, Kotak Mahindra Bank and Axis Bank rose between 1.5 per cent to 2.58 per cent to be prominent gainers in the Nifty.