Source: financialexpress.com In economics, it is extremely common to fall into the fallacy of attributing causality to correlation. Often events may occur seemingly in tandem, but in reality may be disparate processes just coming to a head at the same time. Such events have just occurred in the Indian market from late last week to
Source: zeebiz.com PNB Scam effect: Amid heavy sell0ff by the Foreign Institutional Investors (FIIs), especially in the banking and finance, Auto and IT stocks, the PNB scam of Rs 3,800 have done further damage to the PNB counter. On Monday, the counter had crashed around 11 per cent from its Friday closing. As per the
Source: moneycontrol.com Indian benchmark indices are down over 1.5 percent each dragged by the Auto and the PSU Bank index. The major contributors to the fall are Maruti Suzuki and Punjab National Bank. Nifty is down 197 points and is trading at 11,614 level while the Sensex plunged 627 points and is trading at 38,886 level. Nifty PSU
Source: financialexpress.com By Mitali Salian Budget 2019 India: The Union Budget has proposed setting aside Rs 70,000 crore in the current financial year towards recapitalisation of public sector banks (PSBs) with a view to boosting credit, which has been growing at around 13% year-on-year (y-o-y). Over the last couple of years, overall business growth has
Source: moneycontrol.com The Indian benchmark indices continues trading on a positive note with Nifty up 44 points at 11,961 while the Sensex gained 136 points and is trading at 39,975 level. Nifty PSU Bank along with the realty index are up over 1 percent each led by Bank of Baroda, Bank of India, Syndicate Bank,
Source: economictimes.indiatimes.com NEW DELHI: Shares of PSU banks were trading with losses in Wednesday’s morning session. Shares of Syndicate Bank (down 2.15 per cent), Allahabad BankNSE 3.47 % (down 0.85 per cent), Bank of BarodaNSE 3.11 % (down 0.46 per cent) and Punjab National Bank (down 0.25 per cent) were the top losers in the
Source: indiainfoline.com L&T stated that it holds 60.06% stake in Mindtree. On July 2 the company had made payment to shareholders of Mindtree who had tendered their shares on Open Offer. The offer lasted from June 17 to June 28. Fertilizer stocks in focus today as Government of India to revive five closed fertilizers at
Source: economictimes.indiatimes.com NEW DELHI: Bank shares were trading with losses in Tuesday’s morning session. Shares of YES Bank (down 6.64 per cent) , IDFC First BankNSE 1.24 % (down 1.13 per cent) , Punjab National BankNSE 1.12 % (down 1.11 per cent) and ICICI Bank (down 0.90 per cent) were the top losers in the
Source: moneycontrol.com The market snapped three weeks’ losing streak on the back of buying seen in the banking sector during last week. Nifty traded in a tight range of 11,900-11,640 forming a bullish candlestick pattern. Current weekly candlestick pattern formation suggests strong uptrend to unfold if Nifty closes above the previous week’s high of 11,910.
Source: economictimes.indiatimes.com NEW DELHI: Bank shares were trading with gains in Monday’s morning session. Shares of IDFC First BankNSE 0.34 % (up 1.62 per cent), RBL Bank (up 1.42 per cent), HDFC Bank (up 1.41 per cent) and Punjab National BankNSE -0.62 % (up 1.07 per cent) were the top gainers in the index. ICICI
