Page 4 - Banking Stocks

Indices end three-day losing streak as metal, IT stocks see big gains

Only five counters closed with losses -Nestle India, Bharti Airtel, PowerGrid, HDFC Bank and Kotak Mahindra Bank, slipping up to 0.76%

Time to raise high-beta bets as markets eye new highs, say Analysts

Amid moderation in inflation, markets seem to have moved past fears of interest rate hikes and investors are now anticipating strong foreign inflows into domestic equities, analysts said

SBI gains 2% to hit a new high ahead of Q2FY23 results

The stock of state-owned lender surpassed its previous high of Rs 586.1, which it had touched on October 25, 2022

Bandhan Bank slips 10% to hit lowest level this year on weak Q2FY23

Analysts believe that though balance sheet restructuring in progress, the operationally weak performance and uncertainty on stressed pool remains an overhang

IndusInd Bank dips 6% on profit booking post September quarter results

The bank reported a healthy 57 per cent YoY growth in July-September standalone net profit to Rs 1,805 crore driven by a healthy rise in loan disbursement and net interest income.

HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates

The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.

Banking stocks: Investors need to tread cautiously amid macro challenges

Indian inflation is running at 7.4 per cent, while the 364-day T Bill yield in late September auctions was 6.65 per cent

Sensex, Nifty end lower on selloff in metal, banking and financial

After jumping nearly 560 points during the session, the 30-share BSE index ended 37.70 points or 0.07 per cent lower at 57,107.52.

Tamilnad Mercantile Bank IPO subscribed 2.9x on strong retail interest

Response muted when compared to previous two IPOs; Lender to issue 15.84 million fresh shares via offering

Mkts settle modestly lower in volatile trade; Bajaj Finserv biggest laggard

After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 per cent lower at 59,196.99.

Finance Ministry to review credit flow in meeting with PSBs today

The department will also take stock of the banks' asset quality, and focus on large bad loans, implementation of the Centre's various schemes, and the lenders' plan to raise capital

Gap between slippage and recovery has narrowed: City Union Bank CEO

The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%

Sensex snaps 4-day losing run, rises 428 pts; Nifty holds 16,450; RIL up 3%

CLOSING BELL: Dr Reddy's Labs, Reliance Industries, Bharti Airtel, Sun Pharma, Tech M, and Infosys were the top large-cap gainers

Top headlines: Byju's may go public; strike cripples banking services

Business Standard brings you the top stories on Thursday

FPIs pruned exposure to banking and financial stocks in FY22: Analysis

As FPIs deploy the maximum in the banking sector, it has to bear the brunt during episodes of capital repatriation.

Banking stocks end with gains after RBI leaves key lending rate unchanged

The highest gainer was Federal Bank Ltd, which rallied 2.2% to end at Rs 104.4

Banking stocks tend to underperform during heavy selling by FPIs: Report

In November, the Nifty fell nearly 4 per cent, while the Nifty Bank Index dropped 8.7 per cent amid an $800-million pull-out by FPIs

IPO rush: Samvat 2078 set to break new records with mega issues

Bankers said the retail participation this year has been an encouraging sign, particularly in loss-making unicorns

Robust indicators and strong global cues lift benchmark indices

All eyes now on US Fed meet this week, say analysts

Recent correction may be an opportunity to enter bank stocks

PSB stocks have outperformed private rivals, and momentum looks strong