After a brief swing to the deficit mode, liquidity in the banking system returned to a surplus this week, with analysts interpreting the Reserve Bank of India’s tolerance of extra cash with banks as a tilt towards easier policy ahead of the official interest rate statement next month. For seven days in September, the RBI … Read more
Markets experienced a volatile session on Wednesday but managed to extend their upward trend, with a sharp rally in the fag-end. In today’s trade, shares of SpiceJet, Puravankara, ASK Automotive, Adani Green, Vedanta among others will be in focus due to various news developments. SpiceJetSociete Generale sold shares worth Rs 47 crore in SpiceJet through … Read more
The Indian market is expected to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed positively, gaining 0.57% at 25,915 levels on Monday. The India VIX rose by 7.78%, closing at 13.78. On the options front, the maximum Call OI is at the 27,000 strike, followed by the 26,000 strike, while the … Read more
Domestic markets ended almost unchanged in a volatile expiry session, continuing the recent trend. In today’s trade, shares of Reliance Infra, VST Industries, IDFC First Bank, NTPC, Vodafone Idea among others will be in focus due to various news developments. Reliance InfraThe Board of Reliance Infrastructure approved raising of Rs 3,014 crore by preferential issue … Read more
Mumbai: A rebound in government expenditure is evident from a build-up of surplus liquidity conditions in the banking sector, as the Centre loosens its purse strings and injects cash into the system. The absence of the key driver of economic growth had been felt in the first quarter of the year. Analysts are of the … Read more
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight … Read more
A gauge showing the Indian rupee’s value against its key trading partners rose to the highest in more than six years in July, even as the currency hit a new lifetime low against the dollar. The index measuring the rupee’s value against a weighted basket of the country’s 40 trading partners, adjusted for inflation, rose … Read more
V Vaidyanathan, MD & CEO, IDFC First Bank, says massive floods in Tamil Nadu five or six months ago disturbed the joint liability group (JLG) portfolio. IDFC First has taken extra provisions on that book because people at the bottom of the pyramid suffer during a calamity as it affects their earnings and hence the … Read more
Shares of IDFC First Bank shares tumbled 3% to its day’s low of Rs 72.31 on Monday, apparently impacted by its first quarter results. Its standalone net profit fell 11% year-on-year (YoY) to Rs 680.65 crore due to increased provisions in JLG (joint liability group) business following floods in Tamil Nadu. IDFC Bank’s net interest … Read more
Equity markets closed last week on a strong note, reversing the losses due to Budget negativity. In today’s trade, shares of ICICI Bank, Adani Wilmar, ACC, Dr Reddy’s, IndiGo, IndusInd Bank among others will be in focus due to news developments and first quarter results. Adani Total Gas, HPCL, Adani Wilmar, ACCShares of Adani Total … Read more
