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Deepak Korgaonkar boasts of an impressive 25-year experience on tracking and writing market stories based on extensive research and analysis of stocks/ sectors. He also specialises in reporting real-time stock market trends and impact stories. He holds a postgraduate degree from Mumbai University.
Deepak Korgaonkar boasts of an impressive 25-year experience on tracking and writing market stories based on extensive research and analysis of stocks/ sectors. He also specialises in reporting real-time stock market trends and impact stories. He holds a postgraduate degree from Mumbai University.
Bank of India, Allahabad Bank, Canara Bank, Dena Bank, Oriental Bank, Syndicate Bank, Uco Bank and Vijaya Bank have touched their respective 52-week lows on the NSE.
August also saw equity markets suffer their worst single-day fall in almost seven years with the S&P BSE Sensex sliding 1,624 points in a single day
The CNX PSU Bank index rallied 6.19% or 216 points to close at 3,699 compared to a 0.48% decline in the CNX Nifty today.
Outperformed the benchmark in the past month; analysts recommend caution in buying these, given the run-up
Have done so in the majority of PSBs for a couple of quarters due to concern at asset quality, among other issues, say observers
Domestic MFs' monthly net inflow into equities crosses Rs 10,000 crore in June
Since Jan, scrips have rallied 25-43%, with encouragement from reforms in sector since mid-2013 and optimism on earnings prospects
19 companies including Cafe Coffee Day, Matrix Cellular and RBL Bank have filed draft red herring prospectus with Sebi thus far in 2015
RIL, HDFC, ICICI Bank and HDFC Bank have contributed 573 points or 53% of the total 1,083 points Sensex gain.
32 have gained more than 50%
However by the end of the day most of the banking stocks closed higher
With a total market-cap of Rs 2,55,831 cr, Sunil Bharti Mittal-promoted Bharti Group is behind Reliance, the number three with Rs 3,03,739 cr in m-cap
Though short-term investors can buy these stocks in a hope to make quick returns, long-term investors should look at company fundamentals before investing, say analysts
In ITC, LIC has invested Rs 38,358.66 crore, according to Capitaline data
Since June 2014, mutual funds have pumped in Rs 53,827 crore in equities on account of an improvement in investor sentiment
About two dozen companies gear up to raise as much as Rs 9,300 crore from the market but the flurry of IPOs in China could cast a shadow over them
As many as 21 companies including Infosys, Kotak Mahindra Bank and Federal Bank have announced bonus issues in the last four-and-half months
Infosys, Sun Pharma, HDFC, L&T, TCS have collectively contributed 880 points to the Sensex's 1,791-point decline in the past nine days
A combined 276.63 million shares representing 11.5% of total equity of Sun Pharma changed hands on the NSE and BSE
Disturbed by lack of pick-up in consumption, especially rural, and likelihood of lack of good news on corporate earnings