Asset quality needs monitoring as Q3's gross NPA ratio of 4.5 per cent is higher than average
Sensex's 11 week winning streak ends; Axis Bank, SBI and ICICI Bank shed over than 3.4 per cent each
The benchmark Sensex ended the session at 49,517, a gain of 247 points or 0.5 per cent. The Nifty rose 78 points or 0.5 per cent to end the session at 14,563
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
New deadline set at Feb 4, 2021, by which time Hindujas must bring in Rs 2,021.45 crore towards subscription
Positive management outlook post Q2 results has tempted analysts to upgrade their rating
The liquidity gush saw the financial pack outperform the markets by a huge margin: The Bank Nifty index jumped 24 per cent, twice the gain made by the Nifty50 index in November
The market expects a strong bounce in earnings growth in FY22 with a growth of more than 30 per cent on a YoY basis.
Gains among banking stocks have helped the main Nifty index rise over 19% so far this month
The grey market premium for Gland Pharma has come off sharply from Rs 185 per share to just Rs 60 per share
Catch-up rally in banking stocks on better-than-expected Q2; analysts expect the momentum to sustain
An analysis done by Motilal Oswal Financial Services (MOFSL) shows, health care and technology are the only two sectors which have seen an upgrade in FY22 earnings
Analysts expect the markets to remain upbeat until the presidential polls, but investors may be better off on the sidelines until then
The capital raising committee of the bank at its meeting held on September 25 passed the resolution and approved the closure of the issue period for the QIP, it said in a regulatory filing
Till Nifty Bank defends the support range of 20,800 to 20,600 level, the rebound may see aggressive buying momentum.
Though the rally has eased slightly, the m-cap is only 1% shy of a record, despite Nifty being down 6% from its all-time high reached in January
Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs
Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks
Hopes of improvement in asset quality, better credit growth and lower valuations are supporting factors
Buffett, the fifth-richest person in the world, has loved few things more in his life than sweets, soda and compound interest - but banking stocks have come pretty close