Page 5 - Bank Stocks

Sensex, Nifty close at record-high; bank and finance stocks lead rally

A recovering rupee added to the buying momentum, traders said

Bank stocks, US elections help indices march on towards all-time high

The Sensex gained 553 points, or 1.3 per cent, to end at 41,893 - just 52 points shy of the previous record of 41,945 seen on January 17

Financials in focus; Shriram Transport Finance, IndusInd, ICICI Bank up 7%

Shares of ICICI Bank hit an intra-day high of Rs 421 after the lender reported a six-fold jump in the standalone net profit at Rs 4,251 crore for the quarter ended September 2020

Indices fall for second straight session as investors stay in risk-off mode

Depreciating rupee and weak Q2 results from blue-chips further sap risk appetite

Street signs: Bank stocks to dictate direction, Equitas SFB a hit, and more

Equitas Small Finance Bank (SFB) is likely to see good response for its Rs 520-crore IPO, going by the trend in the grey market

FPI increase wager on banking stocks in September quarter, shows data

During the quarter ended September 30, FPIs pumped in Rs 7,500 crore (over $1 billion) into banking stocks

Indices log gains for 10th straight day after rally in bank, finance stocks

The Sensex opened on a weak note but gained ground in the last hour to finish at 40,794.74, up 169.23 points or 0.42 per cent

Five of 12 public sector bank stocks trade near face value of equity share

Five out of 12 public sector banks are trading near the face value of their equity shares on bourses regardless of a rally in stock benchmark indices, according to an analysis. Shares of state-run Indian Overseas Bank are even trading below the face value of Rs 10 per share. The stock closed at Rs 9.27 on Friday at BSE when the benchmark index Sensex closed at 40,509. The Chennai-based bank tapped the market first on September 2000 offloading part of the government's stake at par or at the face value of Rs 10. Remaining four public sector banks of Bank of Maharashtra, UCO Bank, Punjab & Sind Bank and Central Bank of India are trading near the face value of Rs 10 per share. Shares of Punjab & Sind Bank closed at Rs 10.81 per unit, Bank of Maharashtra's at 11.29 per unit on Friday. Mumbai-based Central Bank of India is slightly better positioned with closing price of Rs 12.45 per share followed by Kolkata-based UCO Bank at 12.14 per unit. One of the reasons for low interest of ..

RIL lifts markets; Sensex up 304 points, banking and IT stocks shine

There was, however, a mixed trend overseas after US President Donald Trump dashed hopes of a pre-election stimulus package

Sensex, Nifty rise sharply for 2nd day on global cues, bank stocks

Bank Nifty gains 3.3%; benchmark indices have gained 4% in the past 2 sessions

Banks extend decline; IndusInd, RBL, Bandhan Bank tank over 10% in 1 week

In the past one week, Nifty Bank index has slipped 6 per cent as against 3.3 per cent fall in the Nifty50 index

Bank stks dip as FinCEN leak names Indian banks for suspicious transactions

The FinCEN files so far have established sender-receiver connections for 406 transactions involving all major banks, including the country's largest, State Bank of India

M&M Fin, Federal Bank: Top financial picks post Sebi's multicap fund rule

We believe quality Mid & Small caps can deliver significant returns in the next 4-6 months as most institutional investors will try to comply with this new regulation, said Centrum Broking

5 reasons why Morgan Stanley is bullish on ICICI, Axis and HDFC Bank

Morgan Stanley believes the banks could provide aggressively for bad loans (unlike the banking system) and accelerate the pace of loan market share gains as the economy stabilizes

IDFC First, IndusInd Bank: AGR verdict will not dent earnings, say experts

The verdict soured sentiment at banking counters which were factoring-in at least 15 years timeline for the payment of AGR dues

Bank stks in focus; Nifty Bank adds over 2.5%; IDFC First gains 7%, SBI 2%

Global agency Moody's pegs the banks' recap needs at Rs 1.9 lakh crore to Rs 2.1 lakh crore ($25 billion-$28 billion) in external capital over the next two years under its base scenario

Two bank stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Federal Bank has picked up momentum to improve the bias and with the RSI indicator indicating a trend reversal

Bank stocks crack; Nifty Bank index declines over 3%; Axis Bank, BoB dip 4%

The Federal Bank, ICICI Bank, IndusInd Bank, HDFC Bank, and Bandhan Bank slipped in the range of 1.5-3 per cent

RBI extends debt restructuring for MSME, ups gold LTV ratio; bank stks gain

The RBI will constitute an Expert Committee which shall make recommendations on the required financial parameters, along with the sector specific benchmark, to be factored into debt resolution plans

Bank stocks in focus; Nifty Bank up 2%; Axis Bank, HDFC Bank rally up to 4%

Financial stocks were trading actively on Wednesday ahead of the Reserve Bank of India's monetary policy outcome, due Thursday. RBL Bank, IndusInd Bank, SBI, ICICI Bank & Bandhan Bank gained up to 5%