state bank of india

foreign institutional investors: FIIs sell shares worth Rs 6,868 crore on Thursday; DIIs net buyers at Rs 3,718 crore

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foreign institutional investors: FIIs sell shares worth Rs 6,868 crore on Thursday; DIIs net buyers at Rs 3,718 crore

Foreign institutional investors (FIIs) continued their selling spree on Thursday, offloading Indian equities worth Rs 6,867.72 crore even as domestic buyers remained net buyers at Rs 3,718.38 crore. Notwithstanding the sell-off by foreign investors, Indian headline indices on Thursday ended in the green for the second day in a row aided by strong gains in … Read more

car loans: SBI changes gears, links car dealer commissions to their performance

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car loans: SBI changes gears, links car dealer commissions to their performance

In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it pays to car dealers, for sourcing loans, to sales as opposed to the current practice of paying them a fixed percentage as a commission, according to a bank’s internal circular, assessed by ET. The … Read more

SUVs roar on country roads as sales from rural India sees a spike

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SUVs roar on country roads as sales from rural India sees a spike

Hyundai Motor’s top three cars sold in rural India during January-April 2024 were all SUVs, nudging out small car Grand i10 from the podium for the first time, reflecting the growing aspiration and purchasing power of rural buyers in India. Its rivals Maruti Suzuki, Tata Motors and Honda, too, are seeing a spike in demand … Read more

PSU Bank stocks: PSU banks’ profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24

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PSU Bank stocks: PSU banks’ profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24

Showcasing a sharp earnings turnaround on asset quality improvements, robust margins and strong loan book growth in a multi-year credit upcycle, the combined net profit of all 12 PSU banks has zoomed nearly 4.5 times in just 3 years to record high levels of Rs 141,203 crore in FY24. On a year-on-year basis, the profit … Read more

sbi stock target: SBI share price can surge up to Rs 1,000, say bulls after Q4 results

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sbi stock target: SBI share price can surge up to Rs 1,000, say bulls after Q4 results

Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more

Technical Breakout Stocks: How to trade SBI, Hitachi Energy and Aditya Birla Capital on Friday

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Technical Breakout Stocks: How to trade SBI, Hitachi Energy and Aditya Birla Capital on Friday

The Indian market closed in the green for the fifth consecutive day on Thursday, tracking positive global cues. The S&P BSE Sensex rallied nearly 500 points, while the Nifty50 closed above 22,500 levels. Sectorally, buying was seen in auto, power, healthcare, metals, and public sector stocks, while selling was witnessed in realty and consumer durable … Read more

With 13% returns in 2024 so far, gold bulls leave Sensex behind by miles

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With 13% returns in 2024 so far, gold bulls leave Sensex behind by miles

In the race of returns, gold appears to have left the S&P BSE Sensex behind by miles in 2024. The yellow metal has approximately given 13% returns on a year-to-date (YTD) basis as against a 4% gain delivered by India’s heartbeat index. In the 30-stock index, 10 have given returns superior to gold in 2024. … Read more

Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

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Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs … Read more

maruti suzuki market cap: Maruti Suzuki breaches Rs 4 lakh crore m-cap mark as stock races to fresh 52-week high

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maruti suzuki market cap: Maruti Suzuki breaches Rs 4 lakh crore m-cap mark as stock races to fresh 52-week high

Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more