Technical chart shows that the Nifty Bank has near resistance at 57,000 levels; above which the index can potentially rally past the 60,000-mark. Here are 5 banking stocks that can potentially rally.
RBI policy decision: RBI governor Sanjay Malhotra announced to cut 50 bps repo rate and 100 bps CRR; here's how analysts view the move
IndusInd Bank's stock fell as much as 1.5 per cent ahead of its fourth quarter earnings
IndusInd Bank's stock fell as much as 3.01 per cent during the day to ₹757.8 per share
The lender's stock rose as much as 8.39 per cent during the day to ₹21.7 per share
SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank have announced a combined sale of their 20% stake in Yes Bank to Japan's SMBC
The private lender's stock fell as much as 3.31 per cent during the day to ₹810.05 per share
RBL Bank stock rose as much as 6.54 per cent during the day to ₹200.4 per share, the biggest intraday gain since December 4, 2024
RBI LCR norms: The guidelines, as per analysts at CLSA, could potentially infuse liquidity worth ₹2.5 trillion in the system, which is "modest but sentimentally positive"
Why markets are rising today: The benchmark BSE Sensex jumped 879 points intraday to hit a high of 79,432.78 level, while the Nifty50 index gained 281 points to a high of 24,132.75
In the past five trading days, HDFC Bank and ICICI Bank shares have outperformed the market by surging up to 11 per cent
The long build-up is seen in the Bank Nifty futures, where we have seen a 3 per cent (Prov) rise in open interest with it rising by 2.2 per cent
YES Bank reported a 6.8 per cent increase in total deposits to ₹2.84 trillion in Q4FY25 compared to ₹2.66 trillion in Q4FY24
Long build up is seen in the Bank Nifty futures, where we have seen 5 per cent(Prov) rise in open interest with it rising by 0.49 per cent, said Nandish Shah of HDFC Securities
Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks
Bank stocks today: HDFC Bank, AU SFB, Bajaj Finance, Bajaj Finserv, and Axis Bank shares were ruling higher in trade on Tuesday, March 25
Bank Nifty: The index was quoting higher for the eighth straight trading day, having rallied 8 per cent during the period
Stock Market Today: Short-term trend in Bank Nifty has turned positive as the index is placed above its 5-day EMA
The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10
Stock Markets Today: Short term trend for Bank Nifty index has turned positive as it is placed above its 5 and 20 day EMA