Tag: Nifty50

MARKET WRAP: Sensex slips 316 pts from day’s high, ends 52 pts up; PSBs dip

Source: business-standard.com Domestic indices pared gains in the afternoon trade to end flat on Monday. The benchmark S&P BSE Sensex rose 316 points to touch an intra-day high of 37,719 after hopes of a revivial package from the government lifted sentiment at D-Street. Sentiment was also supported by gains in the Asian markets. The S&P BSE Sensex ended 52 points, or 0.14

Bank stocks fall up to 40% since Budget. Is it a good time to buy?

Source: business-standard.com The overall economic slowdown and the surcharge-related concerns for foreign portfolio investors (FPIs) amid weak global cues cast its shadow on the market sentiment, especially the banking stocks that have taken a hard knock since the presentation of the Union Budget on July 5. Given the developments, analysts say the road ahead for these stocks