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Source: Live Mint Indian stock market today: Indian stocks struggled once again to gain momentum, as significant declines in FMCG and realty stocks dragged the frontline indices to a flat close on Thursday, October 24. While banking stocks, particularly those from the public sector, provided some support to the market, they were insufficient to lift…
Source: Live Mint In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 4:16 PM IST Nifty PSU Bank slips: The Nifty PSU Bank index, which monitors the performance of public sector banks, fell by as much as 1.80 per cent, hitting an intraday low of 6,556.25 on Thursday, September 19,…
Source: Live Mint US Fed meeting underway: The much-awaited event is here. After over four years, the US Federal Reserve is expected to start the rate-reduction cycle on Wednesday, September 18, as inflation has eased considerably in the US while the jobs market is showing signs of cooling off. Rate cuts are overall positive for…
Source: Business Standard 2 min read Last Updated : Sep 17 2024 | 6:35 AM IST NIFTY Financial Services Index The NIFTY Financial Services Index, which rallied recently, is now consolidating within a narrow range of 24,000 to 23,950. A breakout above or below this range could trigger momentum in the corresponding direction….
