The FinTech Hub
Source: Live Mint Stock Market News: The key domestic indices, Nifty 50 and Sensex, recovered after an initial downturn on Friday, experiencing a significant rise and ultimately closing the day with marked increases. In short, the Indian stock markets made a strong comeback in the latter part of the day on Friday, finishing the week…
Source: Live Mint Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, capped off their best week since June on Friday, primarily driven by gains in the financial sector. This surge came after the central bank’s decision to reduce the cash reserve ratio (CRR) that banks are mandated to maintain, which has effectively…
Source: Live Mint The Indian economy stands at the sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy, said Axis Securities as it continues to believe in the country’s long-term growth story, driven by the favourable structure, thanks to the increasing Capex which is enabling banks…
Source: Live Mint If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. Banks typically link their rates to marginal cost of funds-based lending rates (or MCLR) which plays a key factor in determining interest rates for…
Source: Live Mint State Bank of India (SBI) has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. The tenures for which the interest rates have risen are three months, six months and one year. The bank now charges 8.55 percent on its 3-month tenure instead of 8.5 percent, 8.9…
Source: Live Mint Buy or sell: After a week marked by significant global events, including the US presidential election and the Federal Reserve meeting, the Nifty Index wrapped up at 24,148. Despite some volatility, the index remains trapped within a trading range of 23,800 to 24,800. The direction of the breakout, either above or below…
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…
Source: Live Mint As the benchmark equity indices continued their losing streak for the fourth consecutive week, nine of the top ten most-valued firms lost a whopping ₹2,09,952.26 crore. Dull quarterly earnings and persistent FII selling added to the woes of investors worried about the bearish stock market. Hindustan Unilever and Reliance Industries Limited were…
Source: Live Mint Stocks to buy: Indian stock market benchmarks, the Sensex and the Nifty 50, declined by more than one percent each. The Sensex ended the day down by 931 points, or 1.15%, closing at 80,220.72, while the Nifty 50 fell by 309 points, or 1.25%, to finish at 24,472.10. The mid and small-cap…
Source: Live Mint After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled in December. It is, therefore, recommended to lock your savings in fixed deposits (FDs) for as long as possible, argue…
