Stock Market Live Update: India’s equity markets will be put to test on Wednesday as the potential recovery on Wall Street was short-lived overnight. The Nifty ended 375 points higher on Tuesday, above the mark of 22,500, but all of that will be under the scanner as the futures in the US markets are trading […]
Bank of Maharashtra Q4 Update: Shares rebound from 52-week low after 17% advances growth – CNBC TV18
Shares of Bank of Maharashtra Ltd., the state-run lender, rebounded from their 52-week low on Tuesday, April 8, after it shared its business update for the January-March quarter. The lender’s deposits grew by 13.4% from last year to ₹3.07 lakh crore. On a sequential basis, that number went up by 10.1%. Advances for the quarter […]
Why financials are unlikely to lead the next bull run – CNBC TV18
Digant Haria, Founder of GreenEdge Wealth Services, believes financial stocks are unlikely to drive the next bull run due to structural and cyclical challenges in the sector. In an interaction with CNBC-TV18, Haria explained that tight liquidity, regulatory changes, and the dominance of public sector undertaking (PSU) banks will keep growth in check. While some […]
PSU Stock Crash: State-run lenders Punjab & Sind Bank, UCO Bank fall up to 20% – CNBC TV18
Shares of state-run Punjab & Sind Bank are down as much as 20% on Tuesday, April 1, along with fellow lender UCO Bank, whose shares have also declined nearly 7%. The lender on Friday announced that it has raised ₹1,219 crore by selling shares to eligible institutions as part of its Qualified Institutional Placement (QIP) […]
Sensex Today | Stock Market LIVE Updates: Nifty 50, Sensex set to open lower, ONGC, IREDA in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 22,552.50, while Sensex ended at 74,454.41. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,724.85 points below its record high of 26,277.35. Overnight, […]
Govt seeks merchant bankers for stake sale in PSU banks, financial institutions – CNBC TV18
The Department of Investment and Public Asset Management (DIPAM) has invited bids from merchant bankers to assist in the government’s proposed stake sale in public sector banks (PSBs) and listed public financial institutions (PFIs). Company Value Change %Change According to the request for proposal (RFP) floated on Monday, the selected bankers will be empanelled for […]
Trade Setup for February 25: Has the Nifty opened doors to re-test June 4 swing lows? – CNBC TV18
A trend lasts for a limited time. That keeps one buzzword at the tongue of everybody around. Over the last 10-12 trading sessions, that buzzword on the Nifty was 22,800, which the bulls did all they could to defend for a better part of last two weeks. However, just like a trend, that streak also […]
Bandhan AMC expects muted market returns in next few quarters, sees potential in healthcare sector – CNBC TV18
Manish Gunwani, Head of Equity at Bandhan AMC, which manages assets worth nearly ₹180 crore, believes it will not be a high-return market in the coming quarters due to elevated valuations and prevailing uncertainties. Company Value Change %Change Gunwani stated that the past three to five years have delivered strong market returns, but current valuations […]
Bank Of Maharashtra Q3 Results: PSU lender falls over 5% ahead of earnings – CNBC TV18
Shares of state-run Bank of Maharashtra Ltd. fell as much as 5.5% on Wednesday, January 15, ahead of their December quarter results announcement. The stock is cooling off after a 13% surge in Tuesday’s trading session. Company Value Change %Change In its business update for the quarter shared earlier this month, Bank of Maharashtra‘s deposits […]
PSU Bank Stake Sale: Government approves ₹10,000 crore QIP plan for five lenders — Exclusive – CNBC TV18
The government has approved a fund raising plan to the tune of ₹10,000 crore for five state-run lenders through the Qualified Institutional Placement (QIP) route, sources with knowledge of the matter told CNBC-TV18. Company Value Change %Change Other than Bank of Maharashtra, four other lenders, Punjab & Sind Bank, Indian Overseas Bank, UCO Bank and […]