Page 2 - State Bank of India News
PSU Bank index rose the most in 2022. Will this trend continue in 2023?
PSU Bank index surged 71 per cent in CY22, recording the highest-ever gain since it debut in 2011
 "PSU Bank index rose the most in 2022. Will this trend continue in 2023?")
Sensex, Nifty set to gain for seventh straight year; smallcaps underperform
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
 "Sensex, Nifty set to gain for seventh straight year; smallcaps underperform")
Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel
Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.
 "Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel")
Nifty PSU Bank index rebounds 11% in 3 days: PSB, BoB climb up to 5%
At 11:35 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2 per cent, as against 0.06 per cent decline in the Nifty50
 "Nifty PSU Bank index rebounds 11% in 3 days: PSB, BoB climb up to 5%")
Key reasons why Sensex bounced back on Monday to rally 1,000 pts intra-day
Friday's correction saw a sharp short-covering on Monday as market put aside fears around the Covid-19 situation in China
 "Key reasons why Sensex bounced back on Monday to rally 1,000 pts intra-day")
Nifty PSU Bank index tumbles over 5%; IOB, UCO, Central Bank tank 10%
With today's fall, the Nifty PSU Bank index has corrected 15 per cent from its 52-week high level of 4,617.40 touched on December 15
 "Nifty PSU Bank index tumbles over 5%; IOB, UCO, Central Bank tank 10%")
Stock price of these two PSU banks have zoomed around 150% in last 22 days
In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.
 "Stock price of these two PSU banks have zoomed around 150% in last 22 days")
SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs
In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
 "SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs")
PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth
In the past one month, the Nifty PSU Bank index has rallied 17.4 per cent as against a 2.1 per cent gain in the S&P BSE Sensex
 "PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth")
Post impressive Q2 results: SBI, Coal India look set for up to 21% rally
Coal India, SBI and Adani Enterprises continue to trade with a robust bullishness, while TVS Motor and Bajaj Finance seem to be struggling to hold their ground, technical charts show.
 "Post impressive Q2 results: SBI, Coal India look set for up to 21% rally")
RBI Policy: Time to be selective in rate sensitives; keep DLF, SBI on radar
As per the charts, SBI and DLF need to conquer the near resistances at Rs 620 and Rs 420, respectively, for fresh gains to emerge.
 "RBI Policy: Time to be selective in rate sensitives; keep DLF, SBI on radar")
Rate sensitive shares trade mixed as RBI hikes repo rate by 35 bps to 6.25%
At 10:35 AM; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up in the range of 0.10% to 0.90%; while Nifty Auto and Nifty Realty indices slipped up to 0.2%.
 "Rate sensitive shares trade mixed as RBI hikes repo rate by 35 bps to 6.25%")
PSU banks trade firm in a weak market; SBI nears record high
Recently, SBI raised Rs 10,000 crore through its maiden issue of infrastructure bonds, for funding infrastructure and affordable housing segment.
 "PSU banks trade firm in a weak market; SBI nears record high")
Stocks to Watch: ONGC, Oil India, Hatsun Agro, Inox Green, Indus Towers
Stocks to Watch Today: SBI too may be in focus after the PSU bank successfully raised Rs 10,000 crore via its maiden infrastructure bonds.
Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports
In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore
 "Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports")
After the runaway rally, analysts say shift from PSBs to private peers
Private sector banks' outlook is brighter on a relative basis, and the players will outperform benchmark indices from a 6-12 months' perspective, analysts say
 "After the runaway rally, analysts say shift from PSBs to private peers")
Stocks to Watch: Zomato, SBI, Adani Group, Britannia, ONGC, Gland Pharma
Stocks to Watch Today: According to reports, Zomato is likely to witness a block deal on Wednesday.
From banks to IT, analysts bet on these sectors as markets hit record highs
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
 "From banks to IT, analysts bet on these sectors as markets hit record highs")
Have Rs 2.5 trillion worth of corporate loans lined up, says SBI chairman
Banking system much better placed in terms of risk assessment
 "Have Rs 2.5 trillion worth of corporate loans lined up, says SBI chairman")
PSU Bank index soars 73% from June lows; UCO, BOI, Canara zoom up to 102%
In the past one month, the Nifty PSU Bank index has rallied 31 per cent as compared to a 2.8 per cent rise in the Nifty 50 index
