Page 7 - Bank Stocks

Flows from FPIs favour banks, financials and FMCGs in CY20, shows data

FPI flows from April last year show they have been betting on a revival in consumer demand to drive economic growth, revealed an analysis by Edelweiss Securities

Economic recovery, fewer NPAs to drive banks' re-rating in 2021: Analysts

With corporate asset quality cycle behind and Covid-19 impact fairly contained, analysts at Nomura think front-line banks will see faster-than-expected return on equity (ROE) recovery in 2021

Federal Bank: Ripe for re-rating despite guidance in run-rate of slippages

Strong growth is expected to counter the likely asset quality issues

Back with a bang: Bankex outperforming Sensex, sharpest since 2009

A 44 per cent surge since September 30 means a gauge of lenders is beating the benchmark S&P BSE Sensex by more than 20 percentage points this quarter - the most since 2009

Chart Check: YES Bank jumps over 30% in one month; will it rise more?

After breaching the Rs 18 mark, the breakout should see a surge towards Rs 24 to Rs 23 range.

Bank stocks not pricing in asset quality risks, investors must book profits

As Supreme Court vacates stay on NPA recognition, bad loans are set to spike; weak growth may also compound the problem

Ujjivan Small Fin, IDFC First: Financials rally on RBI's ownership proposal

Equitas Holdings and IDFC were locked in the 20 per cent upper circuit at Rs 63.40 and Rs 40.10, respectively on the BSE

Bank and NBFC stocks seen cheering RBI's proposals on widening ownership

While questions remain, RBI panel's recommendations, if implemented, could result in structural changes for the sector

Sensex gains 227 pts, ends above 44K, Nifty settles at 12,938; M&M up 11%

All that happened in the markets today

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