The first fortnight of April 2021 has been weak in terms of business (already down 20 per cent) due to lower working days and onset of an aggressive second wave of Covid-19 infections
On Monday, banking, media, realty, metal and auto stocks fell the most, with the Bank Nifty falling as much as 5.1 per cent per cent
India recorded a massive surge of 1.69 lakh Covid-19 cases in the last 24 hours
Led by a surge in prices of metals and energy and a continued better show by lenders, India Inc is expected to report high double-digit growth in revenue
The Sensex and Nifty indices are eyeing up to 12 per cent upside from current levels, charts show
Liability seen at Rs 8,000 cr if govt does not foot the bill; more transparency expected, loan recoveries to start
The SC said that no direction can be issued to the government or RBI to announce any particular financial packages or reliefs
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
So far, the stance of FIIs have been bullish as they ploughed in Rs 25,787 crore in the month of February post the Union Budget for FY22
Post 2020's YES Bank crisis, chunk of government business moved from private to public banks for ease of operation
Top performers within domain include Tata Banking & Financial Services (15.6%), SBI Banking and Financial Services Fund (16.3%) and Sundaram Fin Services Opp (15.5%)
Increase of 12.1 per cent clocked in two days is the highest gains posted by the index in almost a year
Finance Minster made various announcements including increase in FDI limit in the insurance sector, recapitalisation and privatisation of select PSU banks
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
Rerating cycle may have neared its end as much of the positives are well-priced in
M-cap of 11 banks and financial firms on the Nifty50 is up 24 per cent since September, boosting NAVs of large diversified equity schemes
Analysts expect the US dollar to weaken, oil prices to moderate, and interest rates to remain low under president-elect Joe Biden's administration, providing a tailwind for domestic equities
With a strong rebound from 50-DMA, both Sensex and Nifty have built a strong base that can see higher upside
With a successful run above the 200-day moving average (DMA), the Nifty Bank is set to climb higher levels. However, once cannot rule out intermittent corrections