Financial Nifty PSU Bank

At 01:37 PM; Nifty PSU Bank index, the top gainer among financial indices, was up 2.6 per cent, as compared to 0.25 per cent decline in Nifty 50.

The uptick in these stocks came after the DIPAM invited bids from merchant bankers to assist the government in its planned stake sale in public sector banks and listed financial institutions

PSU bank stocks: The Nifty PSU Bank index has surged 24.08 per cent on the National Stock Exchange (NSE) thus far in CY24

Indian equities were under pressure again on Thursday owing to a confluence of factors led by billionaire Gautam Adani's indictment in a bribery case by US Securities and Exchange Commission (SEC)

The Nifty Financial Services Index has recently shown a positive breakout from its consolidation phase, with a strong close above 23,911.

Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.

The Nifty Private Banks Index is approaching a critical juncture, with the level of 26325 acting as a key pivot

The Nifty Financial Services Index has recently approached its resistance level of 25,000, which is a crucial round figure for short-term traders.

Analysts link the index's decline to a major drop in Vi's stock price after the SC rejected telecom companies' plea to re-evaluate AGRs, while also affirming the govt's existing AGR demands.

Stock market trading strategy: The NIFTY PSU Bank Index is currently showing a downtrend in the near term, indicating a temporary pullback within its overall long-term bullish trend

The Nifty PSU Bank Index is currently positioned in a manner where buying on dips presents the most favourable trading strategy for near-term traders.

The Nifty PSU Banks Index is also showing a downward trend in the near term, with significant support expected at the 6,600 level

The Nifty Financial Services Index currently shows a downward trend on the charts. Key support levels are anticipated at 23,080, 22,800, and 22,550.

The Nifty Financial Services Index is currently showing a downtrend on the charts, with the near-term outlook appearing bearish

Nifty Financial has broken out on the daily chart, where it closes at highest level since 04-July-2024.

The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.

The Nifty Financial Services Index is currently trading at 23,586.75 and is showing a range-bound pattern on the charts

The Nifty Financial Services Index is currently trading at 23,071.25. The index is displaying a range-bound pattern on the charts, with a defined range between 23,200 and 22,800

India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system.

Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive