Page 2 - Banking Shares

CSB Bank soars 7% after promoter likely sells 17 mn shares via block deal

Shares of CSB Bank surged up to 7.3 per cent at Rs 382 per share on the BSE in Thursday's intraday trade. The stock is trading near its 52-week high of Rs 421.95 touched on January 1, 2024

Why are FIIs buying bank stocks, and will this momentum sustain?

Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.

5 private bank stocks for your portfolio; Check trading strategy here

ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels

Shares of Union Bank, Indian Bank, and BoI jump up to 5%: here's why

On an index level, Nifty PSU Bank was the top sectoral performer of the day on NSE jumping 2 per cent at 7,207 levels in intraday trade

Nifty PSU Bank index snaps two day losing run; rises 2.5% on May 08

The banking sector stocks fell as the Reserve Bank of India (RBI) proposed to tighten the project financing norms, which require lenders to set aside higher capital for doling out loans to under-const

Stock market crash: Here's what sent Sensex, Nifty into free fall on Jan 17

Stock market crash today: HDFC Bank's disappointing Q3 performance abetted profit booking in Sensex and Nifty along with a global market rout as rate cuts-related optimism waned

Banking, IT promising in 2024: What sectors should investors bet on?

On the back of relatively lower historic returns compared to earnings growth, large caps appear favourable on a risk-reward basis

J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month

The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank's proposition, as per India Ratings

SBI, PNB: Here's how to trade banks post Q1 results and ahead of RBI Policy

Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.

PNB, Bank of Baroda: 5 stocks in PSU Bank index that can rally up to 17%

Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high

HDFC twins shine: Banking counters stay buoyed up, Sensex up 446 points

The Nifty now trades at over 20 times its estimated earnings for the financial year 2023-24 (FY24). Experts believe financials is one sector which still offers value

UK-based abrdn offloads remaining 1.66% stake in HDFC Life Insurance

Among the buyers were Aditya Birla Sun Life Mutual Fund, ICICI Prudential MF, SBI MF, Societe Generale and T Rowe Price

As Nifty Pvt Bank index sets new peak; Here's how to trade banking stocks

Shares of IDFC First Bank, IndusInd Bank, Bandhan Bank, and Axis Bank may surge up to 15 per cent, show technical charts.

Dhanlaxmi Bank Q4 net up 63% to Rs 38 cr on improvement in asset quality

For the whole of FY23, the bank's net profit was up 37% to Rs 49.36 crore

SBI Q4 Results: Buy May call option if stock holds Rs 590-mark

Technically, State Bank of India's shares are well placed above the breakout mark of Rs 565 from a short-term to medium-term perspective.

Bank stocks can slide more; stay away for now: Analysts

Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time

No SVB-like scenario in India; banks are on a strong footing, say analysts

The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances

SVB shares halted for pending news after sinking another 69% premarket

Adding to SVB's woes, venture capitalists including Peter Thiel's Founders Fund urged portfolio businesses to limit their exposure to the firm

Street Signs: Nifty50 rises, Whirlpool of India may face F&O axe, and more

NSE Nifty50's sharp rebound from its 200-day moving average of 17,400 is what is giving technical analysts the requisite confidence

Santa rally Day 2: Sensex, Nifty rise as banking, metal shares shine

Benchmark stock indices Sensex and Nifty closed higher for a second straight day on Tuesday on gains in banking, IT and metal shares following a firm trend in the global markets. The 30-share BSE Sensex jumped 361.01 points or 0.60 per cent to settle at 60,927.43. During the day, it rallied 420.26 points or 0.69 per cent to 60,986.68. The broader NSE Nifty climbed 117.70 points or 0.65 per cent to end at 18,132.30. From the Sensex pack, Tata Steel, Tata Motors, Larsen & Toubro, Asian Paints, Wipro, Bajaj Finance, ICICI Bank, Tech Mahindra and Titan were the major winners. Hindustan Unilever, ITC, Mahindra & Mahindra and Nestle were the laggards. "With strong support from global peers, the domestic market is attempting to recoup its previous week's losses. Metal stocks shone amid hopes of a demand revival in China on reports of loosening COVID restrictions. This, along with fears over supply disruptions from winter storms in the US, resulted in oil prices rising," said Vinod ...