Shares of State Bank of India (SBI) fell nearly 2% to hit the day’s low of Rs 638.50 on the NSE on Monday after state lender’s high wage cost dented its earnings outcome. Yet top brokerages remain upbeat about the prospects of SBI shares on strong loan growth and its comfortable position in terms of … Read more
Mumbai: State Bank of India (SBI)’s profit fell 35% year on year due to provisions on wage and pension increases even as loan growth remained strong. Net profit fell to Rs 9164 crore in the quarter ended December 2023 from Rs 14,205 crore a year ago as the bank made a total of Rs 13,413 … Read more
The Indian market is expected to remain volatile on the Interim Budget Day. The S&P BSE Sensex rose more than 600 points while the Nifty50 reclaimed 21,700 levels, a day ahead of the Interim Budget. The Nifty future closed positive with gains of 0.72% at 21786 levels on Wednesday. India VIX was down by 0.31% … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 1200 points while Nifty50 reclaimed 21700 levels in the previous trading session. The Nifty future closed positive with gains of 1.80% at 21875 levels on Monday. India VIX was up by 14.29% from 15.33 to … Read more
Most technical indicators suggest a correction in the near term. If Nifty falls below 21,250, it is likely to move towards the 21,000-20,900 range. However, if the index surpasses and maintains levels above 21,500, analysts anticipate index to move to 21,600-21,700 range. SBI, NMDC, SAIL, RIL, Infosys, GAIL, Siemens, Tata Power, Coforge, MGL, Star Cement, … Read more
Mumbai: Public sector banks are rushing to issue bonds in the coming weeks, capitalising on lower government bond yields that have made borrowing cheaper while tight liquidity and robust credit growth are spurring lenders’ demand for funds to meet loan needs. State Bank of India is set to kick off domestic bond issuances for 2024 … Read more
The Indian market is expected to consolidate in a range on Tuesday tracking mixed global cues. The Nifty future closed positive with gains of 0.88% at 22140 levels on Monday. India VIX was up by 5.27% from 13.10 to 13.79 levels. Volatility was slightly on the rise and created momentum at lifetime high zones. Positive … Read more
State Bank of India, the country’s largest lender, has raised $250 million through the issuance of green bonds via private placement facilitated through its London branch. The bonds, which have been issued as part of SBI’s $10 billion medium-term note programme, will mature on December 29, 2028, the lender said in a statement. “The successful … Read more
Bajaj Auto. Share Price 6986.50 03:59 PM | 03 Jan 2024 321.45(4.82%) Adani Enterprises. Share Price 3003.00 03:59 PM | 03 Jan 2024 70.60(2.40%) IndusInd Bank. Share Price 1601.15 03:58 PM | 03 Jan 2024 25.56(1.62%) Adani Ports & Special Economic Zone. Share Price 1094.25 03:59 PM | 03 Jan 2024 15.85(1.46%) ITC. Share Price … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with losses of 0.26% at 21830 levels on Monday. India VIX was up by 1.24% from 14.50 to 14.68 levels. Volatility was slightly down and has been cooling off in the last three sessions. Positive setup was … Read more
