Page 3 - Bank Stocks

SBI inches towards record high ahead of Q1 results; stock up 3%

Analysts expected SBI to report a healthy performance, supported by recoveries and modest opex

Sensex skids for third day, bank stocks fall; Bharti Airtel jumps over 5%

After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points or 0.26 per cent lower at 52,443.71

Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL

The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad

Sensex snaps two-day winning run, ends marginally lower; bank stocks gain

A depreciating rupee and lacklustre global cues further weighed on sentiment, traders said

Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%

The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands

State-run banks' shares outperform private peers on recovery bets

A broad improvement in the sector's asset quality and India's plans to transfer soured loans to a proposed bad bank boosts their growth outlook

Sensex slumps 334 points as bears return; RIL, bank stocks decline

Domestic markets surrendered early gains to finish deep in the red on Wednesday as profit-booking emerged in Reliance Industries, banking and infra stocks amid a weak trend in global equities. Concerns over frothy valuations and a depreciating rupee also sapped investor confidence, traders said. After a firm opening, the 30-share BSE Sensex suddenly succumbed to selling pressure in mid-afternoon trade. It finally closed 333.93 points or 0.64 per cent lower at 51,941.64, extending its losing streak to the second session. On similar lines, the broader NSE Nifty slumped 104.75 points or 0.67 per cent to end at 15,635.35. L&T was the top loser among the Sensex companies, shedding 1.80 per cent, followed by Reliance Industries, Bajaj Finserv, IndusInd Bank, Bajaj Finance, SBI, Maruti, Axis Bank and Bajaj Auto. On the other hand, PowerGrid, NTPC, Titan, HCL Tech and Asian Paints were among the gainers, spurting up to 3.42 per cent. "Domestic equities fell sharply as selling pressure in

SBI's March quarter showing impresses Street; stock jumps over 5%

Sequential comparisons indicate economic activity did not pick up

SBI, HDFC Bank: Here is why bank stocks rallied up to 7% on Monday

Analysts opine that Monday's rally in banks is a sign of investors digesting decline in Covid-19 cases

YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore

The private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago

Markets maintain momentum for second straight day; bank stocks rally

NTPC, Kotak Bank, Nestle India, M&M, Dr Reddy's and Axis Bank were the other laggards, shedding up to 0.54 per cent.

HDFC Bank: Credit card biz, Covid-19 second wave pose near-term threat

A fresh Covid wave can potentially disrupt the recovery of businesses hurting some sections of HDFC Bank's loan book, analysts say

These bank stks may tank up to 18% as second Covid wave threatens recovery

The next support for the Nifty Bank index is at 30,000. Any breach of the same may result in a bearish trend towards 28,000-mark

Markets extend gains to second day as banks, financial stocks rally

A recovering rupee and positive global cues also propped up the bourses, traders said

Nifty Bank tanks over 4% on renewed lockdown, SC verdict hit concerns

India's factory activity grew at its weakest pace in seven months in March as renewed lockdowns to curtail a resurgence in Covid-19 cases dampened domestic demand and output

Bad loan recognition likely to weigh on stocks of public sector banks

Earnings improvement over two quarters was without proportionate lending growth

Bank stocks lift indices after Supreme Court order on loan moratorium

Reversing last session's losses, the 30-share BSE Sensex ended 280.15 points or 0.56 per cent higher at 50,051.44

Loan moratorium case: SC verdict may hit banks in short-term, say analysts

Loan moratorium case: The Supreme Court said that the waiver of complete interest is not possible as it affects depositors

SBI, HDFC Bank: How to trade banking stks post SC's loan moratorium verdict

Major banking stocks have broken crucial supports

Stocks to watch: Maruti Suzuki, bank stocks, Jubilant Ingrevia, BPCL, BEML

Moody's Investors Service revised upwards its outlook on IndusInd Bank to 'stable' from 'negative' while affirming its rating