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Source: Live Mint Bank stocks: Dalal Street darlings HDFC Bank, Axis Bank, and Kotak Mahindra Bank have just been downgraded by leading domestic brokerage ICICI Securities from ‘Buy’ to ‘Add’ as it sees limited upside amid weaker near-term performance expectations, especially around earnings growth. According to the brokerage, these private banks will see near-term weakness…
Source: Live Mint (Adds comment, updates prices) Global bank stocks tanked on Friday, exacerbating a punishing selloff in the wake of U.S. President Donald Trump’s sweeping tariffs, Japanese banks tanked, European banking stocks slid 7% and were set for the biggest one-day fall since February 2022, while safe-haven U.S. Treasuries gained. Traders meanwhile priced in…
Source: Live Mint April 3 – Shares of U.S. banks tumbled to multi-month lows on Thursday, after President Donald Trump’s sweeping tariffs plan sparked fears of weaker capital markets and a slowdown in consumer spending. Citigroup fell 11%, while Bank of America, Morgan Stanley, Goldman Sachs and Wells Fargo slipped 9% each. JPMorgan Chase, the…
Source: Live Mint PNB Q3 Results: Punjab National Bank (PNB) on Friday, January 31 posted strong results for the quarter ended December 2024 (Q3FY25). It reported a standalone net profit of ₹4,508.21 crore in the quarter ended December 2024, recording a substantial growth of 103 percent from ₹2,222.8 crore, in the year-ago quarter. Sequentially, it…
Source: Live Mint HDFC Bank vs ICICI Bank: The private banking sector in India is dominated by two stalwarts, HDFC Bank and ICICI Bank, offering investors a blend of stability and growth potential. Both banks have delivered robust performances, backed by strong fundamentals and solid financial metrics. However, with differing strategies and market positions, choosing…
Source: Live Mint The big picture: Nifty PSU Bank index rally The Nifty PSU Bank index, a key benchmark for public sector banks in India, has experienced a dramatic trajectory since mid-2022. The turning point came in July 2022, when the index crossed its 200-Day Simple Moving Average (SMA) at approximately 2,700, signalling the start…
Source: Live Mint Private sector lender HDFC Bank surged over 3 per cent in intra-day deals on Monday, November 25 to a fresh record high of ₹1801.90. This is the first time the stock has crossed the ₹1,800 mark. The rally comes as the broader market gained significantly, driven by the BJP-led NDA’s victory in…
Source: Live Mint Muhurat Trading 2024: Indian stock exchanges are closed today, November 1, in observance of Diwali, the festival of lights. However, a special one-hour Muhurat Trading session will be held this evening to celebrate the start of the new Hindu calendar year, Samvat 2081. Scheduled from 6:00 p.m. to 7:00 p.m. IST, this…
