Category: UCO Bank

D-Street Buzz: Zee Ent, Vedanta jump 5% each; Infosys hits record high, IndusInd Bank drags

Source: Benchmark indices have turned around with Sensex jumping 263 points at 36,736 mark while the Nifty spiked 96 points and is trading at 10,837 level. Finance Minister Nirmala Sitharaman will hold a press briefing today evening, a government spokesman said, amid expectations that the government would announce steps to revive economic growth, said Reuters. Several businessmen say

Govt not keen on PSU banks seeking capital from LIC

Source: NEW DELHI –  The government is not in favour of state-owned banks approaching domestic institutional investors such as Life Insurance Corp of India for equity capital infusion, a senior finance ministry official said. Last week, UCO Bank said it had approached LIC for investment in its equity share capital to increase public shareholding

Basmati exports to Iran back on track after embargo-induced roadblocks

Source: Basmati exports to Iran, which is currently facing US sanctions on crude oil, are back on track after initially facing roadblocks following the trade embargo. After the US imposed trade sanctions on Iran in May, Indian basmati exporters, fearing uncertainly and payment defaults, adopted a wait-and-watch stance and sought help to make their

HDFC, Bajaj Auto, Bajaj Finance among 126 stocks showing strong bullish trends on MACD charts

Source: New Delhi: With Union Budget 2019 just a few days away, a total of 126 stocks including blue clips like HDFC, Bajaj Auto and Bajaj Finance are showing strong trend on the technical charts, as suggested by moving average convergence divergence, or MACD. The momentum indicator signalled a bullish crossover on these counters,

Hindalco, Sun Pharma, Suzlon among 38 stocks that look set to rally, shows MACD

Source: NEW DELHI: The domestic stock market looked directionless on Tuesday, but at least 38 NSE-listed stocks are high on momentum. They looked strong on the technical charts, as suggested by moving average convergence divergence, or MACD, even as the broader market showed no signs of a rebound. The momentum indicator signalled a bullish