According to the technical analyst, the best trading strategy for traders would be to buy on dips with a strict stop loss of 16,800 on a closing basis for Nifty
The gauge for the performance of banking stocks - which also happens to have the highest weighting in the benchmark Nifty50 Index - last closed at 39,395
Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time
The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances
According to the technical analyst, since the Nifty IT index trades at 30,870.20, it is on the verge of a positive breakout as it hovers near the key level of 31,255
The Reserve Bank of India's (RBI's) 50-bps repo rate hike triggered a sharp pullback rally in banking stocks on Friday. The Nifty PSU Bank index did even better with a rise of 3.01 per cent
IndusInd Bank has addressed key issues that were an overhang on the counter at the bourses - the biggest being the reappointment of its managing director and chief executive officer
From the shift of Sensex to a free-float methodology to the great fall after global financial crisis of 2008-09, and recovery afterwards, here are 16 biggest events for stock markets from 2003 to 2014
At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
State Bank of India stock was the top performing stock on the Nifty bank index today, and supported the index to claim a fresh record high of 32,683.5 on the NSE. The index is up 100% from March lows
