Page 10 - Nifty Bank Index

Here's a Bear Spread strategy for Nifty Bank index by HDFC Securities

Short term trend has turned negative as Bank Nifty has closed below its 5 and 20-day SMA

Nifty PSU Bank index rallies 4% ahead of PM Narendra Modi's review meeting

UCO Bank, Central Bank of India and Bank of Maharashtra surged more than 5%, while Bank of India, Union Bank of India, PNB, IOB, Bank of Baroda and SBI were up in the range of 2% to 4% on the NSE

Nifty Bank: 9 years of outperformance wiped in 4 months due to pandemic

The index has fallen 32% since January, against an 8.2% decline in Nifty50

ICICI Bank, SBI: Fitch revises IDR outlook. Time to sell these stocks?

On Monday, global rating agency Fitch revised the outlook from "stable" to "negative" on the Long-Term Issuer Default Ratings (IDR) of nine Indian banks

Is a deeper market correction on cards? Here's what technical charts say

Pharma stocks provide a good hedge as the markets slip from recent highs. For the Sensex, 32,400 level remains key

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.

Nifty Bank tanks 7% on loan recovery fears, stimulus disappointment

Credit to MSMEs, suspension of IBC proceedings weigh on sentiment

Relief to SBI on the cards; investors should await clarity on asset quality

Relaxation in the two segments is positive of asset quality recovery, but investors should await clarity from post-results commentary

Indices near resistance levels. Will the markets see profit booking?

Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest

SBI dips 3% post deposit rate cut, Uttam Galva loan default; recovers later

At 9:44 am, SBI was trading 1.2 per cent lower at Rs 184 apiece on the NSE, as against a 0.5 per cent rise in the benchmark Nifty50 index.

IndusInd, HDFC Bank surge up to 21% post Q4 biz update amid Covid-19 woes

Analysts at Kotak Institutional Equities expect banks to report healthy earnings due to the Reserve Bank of India's loan moratorium

PSB merger effect: State Bank of India, PNB dip up to 6%, Indian Bank up 8%

The consolidation, that will merge 10 PSBs into four, comes at a time when the country and financial system is grappling with adverse fallout of the Covid-19 pandemic.

Insurance and AMC stocks, better alternatives in BFSI segment

Premium growth and persistency ratio could be impacted in the near term, but overall performance may be ahead of other BFSI players

Tech view: Nifty may find support at 8,250-8,300 levels amid market fall

For Nifty Bank, the immediate resistance comes in the range of 20,500 to 20,000 levels

Nifty can hit 9,200 mark if selling intensifies; 33,400 crucial for Sensex

For Nifty, a continuous gap-down sessions have dampened the upward move

Today's picks: Asian Paints to Hindalco, hot stocks to watch on Friday

For Hindalco, keep a stop at 157 and go short

Tech View: Sensex, Nifty see volatile sessions, but trend remains positive

The benchmark indices are holding the positive sentiment

OMCs, banks slump as US military kills top Iranian military commander

Brent Crude Futures surged over 3 per cent to trade at $68.25 per barrel-mark. The West Texas Intermediate, too, gained 2.71 per cent to $62.84 per barrel.

Nifty Bank hits fresh high as ArcelorMittal to close Essar Steel deal today

Investors, however, booked profit at most banking counters with shares of SBI, Axis Bank, HDFC Bank, YES Bank, Punjab National Bank, Bank of Baroda, and The Federal Bank down up 2.7 per cent.

SBI sees strong value addition from subsidiaries, SBI Cards top contributor

The rising awareness of life insurance as a protection product is giving strong traction to the sector