Page 4 - Financial Stocks

Sensex, Nifty rise sharply for 2nd day on global cues, bank stocks

Bank Nifty gains 3.3%; benchmark indices have gained 4% in the past 2 sessions

Sensex gains 595 points led by banking stocks, closes above 32,000

The rally has been underpinned by sharp gains in banking stocks. The Bank Nifty index has rallied 9.9 per cent in the past two sessions

Financials tumble as RBI extends moratorium; SBI, Bajaj Fin hit 52-wk low

The RBI has extended moratorium period by another three months till August 31, 2020.

Financial firms' clout wanes after coronavirus-triggered market fall

During the start of the year, private banks alone accounted for a fourth of the index weight

Financials tank as fiscal package disappoints markets; Nifty Bank slips 5%

Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices were down 5 per cent each as compared to 2.4 per cent decline in the Nifty 50 index.

Financials in focus post RBI meet; Axis Bank, RBL Bank, Bajaj Finserv rally

Among individual stocks, Shriram Transport Finance, Indiabulls Housing Finance, Cholamandalam Investment and Finance Company and Bajaj Finserv were up more than 5 per cent on the NSE

Financials trade weak; Shriram Transport slips 18% on Fitch downgrade

Bajaj Finance, Bandhan Bank, HDFC, Manappuram Finance, Cholamandalam Financial and M&M Financial Services were down more than 10% on the BSE.

Fund that beat 96% of its peers counts financial stocks as its biggest bet

In 2018, India's household debt-to-GDP was at 11%, versus 76% in the U.S. and 54% in China, according to International Monetary Fund data.

Use correction in financials to buy for the long term: CLSA's Chris Wood

Analysts see no respite for NBFCs at the bourses in the near-term