The stock has underperformed post management change, more so due to the RBI's embargo on its card/ digital initiatives and Covid-induced disruption.
Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.
Banking shares may see some action after four banks hiked deposit rates in the last one week, an indication that the interest rate cycle has turned amid uptick in loan demand.
At 10:31 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Realty indices were up 1 per cent, against a 0.5 per cent gain in the benchmark Nifty50 index
The Federal Bank stock is attempting a breakout on the upside by crossing Rs 103 level, the Relative Strength Index (RSI) has formed a positive crossover indicating a bullish strength.
Banks and NBFCs stand to gain from the Union Budget as a new growth cycle on the back of the massive capex plan has the potential to crowd-in private investment, say analysts
A decline in payment and credit card-related fees from a year ago - as the bank gave fee waivers as an incentive - was a new niggle for the lender to contend with
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
Banking stocks have broadly reacted positively to the strict capital norms under the Basel regulations put in place for domestic banks over an 18-year period, starting October 1998, RBI paper showed
Textiles shares shall be in limelight as the government has released the operational guidelines for the production-linked incentive (PLI) scheme
Bank shares may be in focus as RBI proposes to introduce revised norms for banks for setting aside capital for operational risks
Jefferies is bullish on HDFC Bank, ICICI Bank, SBI, and HDFC.
Rate sensitive shares are likely to be in focus owing to the RBI policy meet outcome
Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant
Expect PNB, Bandhan Bank and other banks to trade with a negative bias below 200-DMA
FMCG stocks are likely to be in focus on the back of price hike announced, while airline shares too may be on investor's radar following the fresh world-wide Coivd-19 scare
The stock was trading lower for the fifth straight day, down nearly 2% at Rs 956.10, quoting at its lowest level since May 17, 2021.
PSB stocks have outperformed private rivals, and momentum looks strong
Intensifying concerns about China Evergrande Group's debt crisis dragged down everything from bank stocks to Ping An Insurance Group Co. and high-yield dollar bond
On the weekly basis, the benchmark indices gained, thus taking their winning run to the fourth straight week