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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Banking stocks outperformed in the just-concluded financial year (2022-23), with the sectoral gauge gaining 12 per cent, against a 0.6 per cent decline in the benchmark National Stock Exchange Nifty
The IPO activity was sporadic in FY23, with 25 of the 37 IPOs taking place in just three months
If the Nifty finishes in the red for the month, this will be the first time in over two decades that the index has fallen for four straight months
Board approves ASBA-like facility for secondary market, sponsor-less AMCs
An analysis shows the average return divergence between these two sectors during the past decade has been 37%
The last time India's m-cap had slipped below $3 trn was last June; at the peak, the m-cap stood at nearly $3.67 trillion in January 2022. Current m-cap is 18 per cent below the peak
Since debt MFs will now be on a par with AIFs on the taxation front, the returns on each will only be a function of yields
The gauge for the performance of banking stocks - which also happens to have the highest weighting in the benchmark Nifty50 Index - last closed at 39,395
Analysts said the disinvestment in HAL will help the stock enter the MSCI India index during its quarterly rebalancing in May
Adani-Hindenburg saga may be discussed
Fed Chair Jerome Powell last night said "rate cuts are not in our base case" for the remainder of 2023
While the Fed has been steadfast in its objective of curtailing inflation, focus has now shifted to maintaining a balance between bringing down inflation and avoiding financial instability
Industry players see better synergies at India units of Swiss banking giants
Bourse says action 'non-discretionary, pre-announced'
Top insurers have parked nearly a fourth of their AUM in the top 10 stocks, reveals an analysis by Nuvama Institutional Equities
Analysts say domestic banks' dependence on local depositors insulates them from the crisis
HDFC Bank, Singapore's GIC and Societe Generale among buyers of about 120 mn shares; analysts say Blackstone exit removes a key overhang for the Sona stock
Mark-to-market impact on Indian banks seen limited thanks to HTM provisioning
Churn is by reason of changes to weighting of existing components
Engineering services company files DRHP; seeks to raise Rs 4,000 cr