Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.
Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.
Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.
Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.
The RBI left key rates - repo and reverse repo unmoved at 4 per cent and 3.35 per cent, respectively.
Nifty PSU Bank index outperforms benchmarks; SBI hits record high; IndiGo soars 10% on strong rebound in Q3 bottom line; Vedant Fashions IPO sees 20% subscription on day 2
The Nifty PSU Bank index climbed to a fresh two-year high even as the NSE benchmark slipped a per cent.
Shares of Bank of Baroda can jump 15% as it claimed a new 52-week high
Castrol, Indian Bank, Nalco, PolicyBazaar, Tarsons Products, Tube Investments of India, TVS Motor and Union Bank of India are some of the prominent companies to announce result today.
Shares of SBI Cards and Payment Services on Tuesday gained nearly 5 per cent after the firm reported an 84 per cent jump in net profit for December quarter 2021
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
Reliance Jio plans its biggest ever rupee bond sale, while Bharti Airtel shelves its plans to de-merge its core telecom business
Maruti Suzuki India (MSI) is currently analysing customer feedback to ascertain if the Jimny brand can be introduced in India
Inverse Head and Shoulder in HDFC Bank may incline market participants to add the stock to their portfolio
The overall trend in rate sensitive stocks is positive and this unchanged policy may trigger further upside, once near term resistances are crossed
SBI share price skidded 3 per cent to Rs 443 on the BSE in the intra-day trade today as analysts worry that Voda Idea's precarious position may hit the lender's asset quality going ahead
Lower costs indicate mergers with associate banks is paying off in terms of better synergies, but credit offtake remains muted
Analysts expected SBI to report a healthy performance, supported by recoveries and modest opex
SBI had posted a strong quarterly performance in Q4FY21 and has showed further sequential improvement in assets quality and rise in profitability
Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore