Page 5 - Nifty Bank Index

Indices near resistance levels. Will the markets see profit booking?

Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest

SBI dips 3% post deposit rate cut, Uttam Galva loan default; recovers later

At 9:44 am, SBI was trading 1.2 per cent lower at Rs 184 apiece on the NSE, as against a 0.5 per cent rise in the benchmark Nifty50 index.

IndusInd, HDFC Bank surge up to 21% post Q4 biz update amid Covid-19 woes

Analysts at Kotak Institutional Equities expect banks to report healthy earnings due to the Reserve Bank of India's loan moratorium

PSB merger effect: State Bank of India, PNB dip up to 6%, Indian Bank up 8%

The consolidation, that will merge 10 PSBs into four, comes at a time when the country and financial system is grappling with adverse fallout of the Covid-19 pandemic.

Insurance and AMC stocks, better alternatives in BFSI segment

Premium growth and persistency ratio could be impacted in the near term, but overall performance may be ahead of other BFSI players

Tech view: Nifty may find support at 8,250-8,300 levels amid market fall

For Nifty Bank, the immediate resistance comes in the range of 20,500 to 20,000 levels

Nifty can hit 9,200 mark if selling intensifies; 33,400 crucial for Sensex

For Nifty, a continuous gap-down sessions have dampened the upward move

Today's picks: Asian Paints to Hindalco, hot stocks to watch on Friday

For Hindalco, keep a stop at 157 and go short

Tech View: Sensex, Nifty see volatile sessions, but trend remains positive

The benchmark indices are holding the positive sentiment

OMCs, banks slump as US military kills top Iranian military commander

Brent Crude Futures surged over 3 per cent to trade at $68.25 per barrel-mark. The West Texas Intermediate, too, gained 2.71 per cent to $62.84 per barrel.

Nifty Bank hits fresh high as ArcelorMittal to close Essar Steel deal today

Investors, however, booked profit at most banking counters with shares of SBI, Axis Bank, HDFC Bank, YES Bank, Punjab National Bank, Bank of Baroda, and The Federal Bank down up 2.7 per cent.

SBI sees strong value addition from subsidiaries, SBI Cards top contributor

The rising awareness of life insurance as a protection product is giving strong traction to the sector

Here's how to trade NiftyBank and Nifty PSU Bank indices post RBI policy

The Nifty Bank has seen a sharp rally from 27,750 to 32,150 levels in the last 33 sessions. It witnessed one session of a "gap-up" close, whose range of 30,860 - 30,789 is not even filled

Sensex can scale higher if it breaches 40,800; bank stocks likely to shine

The daily chart shows buying around 40,200. If this level holds, then a further upside looks certain. Although, MACD trades with a negative crossover, the charts do not indicate any major weakness

Market wrap, Nov 7: Bull run continues, Sensex ends at fresh closing peak

Equity markets witnessed yet another record-breaking session on Thursday as investor sentiment remained buoyed on Rs 25,000 crore booster dose for the realty sector

Market Wrap, Nov 1: Market ends flat, Sensex adds 36 pts, Nifty at 11,900

Benchmark indices ended Friday's volatile session on a flat note with positive bias.

Second wave of NPAs? SBI, BoB, YES Bank could be hit, says Jefferies

YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks most prune to "high risk" emanating from Anil Dhirubhai Ambani Group (ADAG), Cox & Kings, CG Power, and DHFL

Chart check: Sensex must cross 37,700 level to attract follow-up buying

The S&P BSE Sensex on Tuesday tanked 642 points or 1.73 per cent to end at 36,481.09 while the NSE's Nifty50 settled at 10,818, down 186 points or 1.69 per cent.

SBI, ONGC to lead Nifty earnings growth in June quarter: Morgan Stanley

Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.

Do not expect a deeper correction in Nifty Bank till 29,800 level holds

Going ahead, the immediate trend suggests the index will continue on its journey north provided it trades above 29,800 on a closing basis