Nifty Bank outperforms on Budget Day! May face resistance around 46,500 levels

Nifty Bank outperforms on Budget Day! May face resistance around 46,500 levels

The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more

bank stocks selloff: Franklin sees value in India lenders amid $26 billion stock rout

bank stocks selloff: Franklin sees value in India lenders amid  billion stock rout

A $26 billion rout in India’s lenders hasn’t dimmed their allure for Franklin Templeton, which is betting on growth potential in the sector. “Banks continue to remain a very key holding for us,” Sukumar Rajah, director of portfolio management at Franklin Templeton Emerging Markets Equity, said in an interview Thursday. “There is more than adequate … Read more

Punjab National Bank among 8 bank stocks with high NPAs – Top Banking Picks

Punjab National Bank among 8 bank stocks with high NPAs – Top Banking Picks

Infosys. Share Price 1612.75 04:05 PM | 12 Jan 2024 118.55(7.94%) Oil And Natural Gas Corporation. Share Price 223.40 04:05 PM | 12 Jan 2024 11.56(5.46%) Tech Mahindra. Share Price 1308.05 04:05 PM | 12 Jan 2024 58.65(4.70%) LTIMindtree. Share Price 6237.05 04:05 PM | 12 Jan 2024 277.11(4.65%) Tata Consultancy Services. Share Price 3882.80 … Read more