September 29th, 2022 8:43 PM 0 COMMENTS

After a significant block deal, the Axis Bank stock drops 4%

According to a Bloomberg article, shares of Axis Bank Ltd. fell more than 4% following a massive block transaction in which two bundles totaling 0.5 percent of the lender's equity were exchanged. The buyers and sellers, however, were unknown. According to the investigation, two clustered trades involved 15.3 million shares, or 0.5 percent of the bank. The stock experienced its largest intraday decline since May 6 and dipped as low... Read More

September 29th, 2022 8:43 PM 0 COMMENTS

Public sector banks intend to create big data and analytics verticals

Public sector banks (PSBs) will develop specialised divisions for big data and analytics in an effort to shift decision-making toward being more data-driven, according to The Economic Times. In response to the government's directive for financial institutions to enhance data-driven, integrated, and inclusive banking, the action was taken. In the upcoming year, public sector banks will also roll out digital-only offerings with less data entry needed, automated checks, and underwriting... Read More

September 20th, 2022 3:50 PM 0 COMMENTS

Investors Must Monitor The Deposit Trend While The Bank Nifty Soars

Over the previous three months, banking stocks have surged, driving the market's gains and trailing only fast-moving consumer goods companies in terms of gains. For comparison, the Nifty Bank has increased by 25% while the larger Nifty 50 has increased by 14% over this time. With increases of no more than 20 percent and some, like information technology, indicating a decline of 1 percent, other sectoral indices have underperformed. In... Read More

September 20th, 2022 2:30 AM 0 COMMENTS

Corporate Profits-to-GDP Is at 4 Percent Now and It Will Probably Go to 8 Percent in the Next 4-5 Years: Ridham Desai

The Indian equity market has not had a good year so far, but if you look at the Nifty from a global perspective, there is no doubt that it has outperformed its peers. The S&P 500 has fallen 19% this year, while the Nifty has remained flat. Ridham Desai, managing director at Morgan Stanley India, explained the reasons for this outperformance in an interview with CNBC TV-18. “The government has... Read More

September 14th, 2022 3:46 PM 0 COMMENTS

Nifty Crosses 18,000 to an 8-Month High; the Next Hurdle Is 18,100

On bullish global indications and buying by foreign institutional investors, the Nifty began above the psychologically important 18,000 mark and managed to hold the level throughout the session to close at an almost eight-month high on September 13. On the daily charts, the index created a small-bodied bullish candle after closing 134 points, or 0.75 percent, higher at 18,070, its best level since January 18. "Technically, the Nifty has successfully... Read More

September 13th, 2022 1:22 AM 0 COMMENTS

Wall Street Stocks Increase, Adding to Gains From the Previous Week

As the market builds on a recovery last week that ended a three-week losing run, stocks increased in morning trading on Wall Street on Monday. As of 10:11 a.m., the S&P 500 index increased 1.1%. Eastern. The Nasdaq increased 1.2% and the Dow Jones Industrial Average gained 262 points, or 0.8%, to 32,417. Retailers and technology firms led the gains. Amazon gained 1.8% and Apple gained 2.2%. Energy stock prices... Read More

September 1st, 2022 5:54 PM 0 COMMENTS

As the Nifty Is Projected to Reach 18,000–18,100 in the Near Future, Wager on These 2 Stocks for Up to 10% Gains

Negative global cues caused the benchmark indexes to fall by more than 1% on September 1, hindering the Indian stock market's ability to replicate the phenomenal gains of August 30. The wide Nifty closed with a loss of 216.5 points, or 1.2 percent, at 17,542.8, while the benchmark BSE Sensex ended 770.5 points, or 1.3 percent, lower at 58,766.6. The market followed its Asian counterparts' lower closing prices following yet... Read More

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