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Source: Live Mint Canara Bank share price in focus today: Canara Bank share price snapped its six-day winning streak on Thursday, May 15, with a mild drop of 0.48% to ₹105.16 apiece. Over the last seven trading sessions (including today), the stock delivered an impressive 16% gain, with most of the rally coming after the…
Source: Live Mint Stock market today: Shares of Central Bank of India, a state-owned bank, ended in the red for the third consecutive session on Wednesday, April 2, falling another 11% to slip below ₹37 and hit an 18-month low of ₹36.86 per share, taking the three-day cumulative fall to 16%. The last time the…
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 Shares of Indian PSU lenders have made a strong recovery in recent sessions, reversing the weak performance seen in the first half of the current month. This resurgence is largely attributed to the BJP-led NDA’s victory in the Maharashtra assembly elections. The win has sparked optimism that the central government will prioritise…
Source: Live Mint Indian benchmark indices experienced significant volatility in today’s session, as a rebound in Adani Group stocks was offset by weak performances from heavyweights, leading to wide fluctuations throughout the day. However, the indices managed to close with healthy gains. Positive developments in the Middle East also contributed to the rebound, with Israel…
Source: Live Mint Investor interest in small-cap stocks on Dalal Street seems to be gradually fading, as many of them are now trading significantly below their recent highs. This decline in enthusiasm follows a period when small-cap stocks garnered substantial attention, which drove their valuations to elevated levels. In recent years, small-cap stocks benefited from…
Source: Live Mint The S&P BSE PSU index experienced a strong resurgence in recent trading sessions following a period of stagnation since mid-July. Over the past six sessions, the index has climbed nearly 5 per cent, largely driven by rallies in metal and power stocks. Leading the charge is NALCO, which surged an impressive 16.70…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Business Standard Illustration: Binay Sinha 3 min read Last Updated : Sep 20 2024 | 11:02 AM IST Mirae Asset Investment Managers (India) has launched two new Exchange Traded Funds (ETFs). Mirae Asset Nifty Metal ETF and Mirae Asset Nifty PSU Bank ETF will provide investors “focused exposure” to the metals and public…
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,…
