Investors booked profit in the pharma counters after a healthy rally over the past week. The index settled 0.87 per cent down.
Both the stocks are in news on Monday after the companies announced their January - March 2020 numbers over the weekend.
Tech Mahindra is likely to post modest revenue growth in the fourth quarter of the financial year 2020-21, believe analysts
Net interest margin was 3.84% in Q4FY21 as compared to 3.67%in Q3FY21 and 3.87% in Q4FY20
The lender's gross non-performing assets (NPAs) declined sequentially at 4.96% in Q4FY21. In Q3FY21, gross NPA of the bank was 4.38%
The RBI directed HDFC Bank to halt all its digital launches as well as new sourcing of credit card customers
The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets
Lower provisions will be a key driver supported by healthy operating profit growth, while commentary on asset quality, collections are among monitorables
The rise in net profit, analysts say, will be supported by much lower provisioning in the quarter and a double-digit growth in operating profit
ICICI plans to add five mid-to-senior level hires in each of the two units, which currently have 130 bankers in total.
The short-term trend of the stock is positive as stock price is trading above its 5 and 10-day EMA
Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus
The company dodged paying its principal amount and has held non-receipt of dues from Maharashtra State Electricity Distribution Company (MSEDCL) for the default
The valuation of TCS jumped Rs 36,158.22 crore to reach Rs 11,71,082.67 crore
IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Sun Pharma, Bajaj Finance, and UltraTech Cement were prominent gainers
The Bombay High Court on Thursday granted bail to Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in a money laundering case registered by the Enforcement Directorate
ICICI Bank customers can break their high value transactions of over Rs 50,000 into suitable EMIs directly on its internet banking platform to make their purchases more affordable, the lender said on Wednesday. The facility is the first in the industry, the bank added. It will be applicable on transactions up to Rs 5 lakh and will bear no additional cost on the customers. Christened 'EMI @Internet Banking', the facility will enable customers convert their high-value transactions up to Rs 5 lakh into easy monthly instalments, ICICI Bank said in a release. Customers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their savings account using the internet banking platform, it said. The bank has tied up with online payment gateways BillDesk and Razorpay to enable this facility. To begin with, over 1,000 merchants in categories like online shopping portals, insurance, travel, education- school fees and electronic chains have been brought ...
At 12:51 pm, the Nifty Bank index was down 2.7 per cent at 34,536 points, as compared to 1.6 per cent decline in the Nifty50 index
Retail loan growth at 9.1 per cent for February 12 fortnight is the weakest so far; Nifty Bank index is up 60 per cent in six months
However, customers can only avail of this benefit up to the end of this month (March 31, 2021)