ICICI Bank

Nifty Bank falls more than 1% in a week; breakout above 47,700 may trigger short covering move

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Nifty Bank falls more than 1% in a week; breakout above 47,700 may trigger short covering move

The Nifty Bank fell more than 1% for the week ended 22 December 2023, tracking the mixed trends seen in Indian markets amid a rise in Covid cases, profit booking at higher levels, and geopolitical concerns. The Nifty Bank fell from 48,143 as on 15th December 2023 to 47,491 recorded on 22 December 2023, which … Read more

Sebi: SAT overturns Sebi order in Karvy case

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Sebi: SAT overturns Sebi order in Karvy case

Mumbai: The Securities Appellate Tribunal (SAT) quashed market regulator Sebi’s orders against lenders, including Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Bajaj Finance, prohibiting them from revoking the shares pledged by Karvy Stock Broking. The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and … Read more