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Sensex slides 530 pts; Nifty trades below 23,200 level; VIX jumps 7.25%
The Nifty traded below the 23,200 level. Barring the pharma index, all other shares declined on the NSE.
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top Losers - Equitymaster
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top LosersEquitymaster
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top Losers - Equitymaster
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top LosersEquitymaster
Chola Securities' Dharmesh Kant sees BFSI earnings revival; likes IndusInd Bank, Axis Bank
Despite recent market volatility, Dharmesh Kant, Head Research at Chola Securities, believes investors should focus on bottom-up stock picking. He expects the banking and financial sector to emerge as a key earnings driver as stable interest rates support margins and treasury income. Among his preferred ideas are Aurionpro Solutions, Tata Technologies, IndusInd Bank, Axis Bank, Bank of India and Aadhar Housing Finance. He also remains positive on the long-term growth prospects of exchanges, AMCs and other capital market plays. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Banks to be told to step up FCNR (B) deposits
Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign currency inflows. Industry estimates suggest up to $40 billion could be raised. These measures will strengthen India's foreign exchange reserves. This will help manage rupee depreciation pressures.
Dividend Stocks To Watch This Week: Infosys, ACC, Adani Ports, Tata Steel, Tata Motors, Trent In Focus — Check Amount, Payment Date
Infosys is offering Rs 25 per share, while Indian Bank is paying out Rs 18.25 per share.
7 most valued firms' mcap eroded ₹1.25 trn last week, RIL took biggest hit
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.25 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71 per cent, and the NSE Nifty dipped 181.05 points, or 0.76 per cent. "Persistent FII selling remained the key drag on market sentiment despite supportive developments such as cooling crude oil prices and a recovery in the rupee against the US dollar. Concerns regarding the pace of monsoon advancement also weighed on investor confidence," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation, while HDFC Bank, ICICI Bank, and State Bank of India were the gainers. The market valuation of ...
Corporate Actions This Week: Infosys, Tata Elxsi, Indian Bank, ACC, Adani Ports, And More
Corporate Actions This Week
F&O Talk: Nifty may consolidate further; Sudeep Shah's strategy on TCS, HDFC Bank, Infosys
Indian stock markets, Sensex and Nifty, closed lower following the RBI's hawkish stance, despite falling oil prices. Analyst Sudeep Shah anticipates a consolidation phase for Nifty, with key support at 23,100-23,050 and resistance at 23,550-23,600. Bank Nifty shows resilience, while IT stocks underperform.
RBI to soon release revised list of upper-layer NBFCs: Governor
The Reserve Bank of India will soon release an updated list of upper-layer non-banking financial companies. This comes as Tata Sons has requested to be removed from this category. The central bank is examining this request. The new list will be finalised shortly. This update is crucial for financial sector regulations.
RBI announces measures to attract foreign capital
The Reserve Bank of India (RBI) has announced few measures in order to attract capital flow. Firstly, for government securities under the Fully Accessible Route (FAR), the central bank is expanding the universe of specified securities by including all new issuances of 15-, 30- and 40-year tenor G-secs. In addition, limits pertaining to short-term investment, concentration and individual securities on FPI investment under the General Route are being removed. These measures along with the tax benefits provided by the government this morning should help attract foreign capital for government borrowing. Second, the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased. Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs. Third, a facility of concessional forex swap will be provided till 30th September 2026 to incentivize ECBs by PSUs.
INR regains momentum with all eyes on RBI monetary policy
The Indian rupee is regaining some momentum in opening trades on Friday as the global crude oil prices eased and market participants keenly awaited the RBI's MPC decision today. Heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying capped sharp gains in the local unit. INR opened at Rs 95.72 per dollar and hit a high of 95.63 so far during the day. Yesterday, rupee depreciated 7 paise to close at 95.83 against the US dollar. Local markets opened in the green with investors closely watching the Reserve Bank of India (RBI) monetary policy announcement scheduled for today. The Indian benchmark indices are trading higher today, with the NIFTY 50 hovering around 23,442.30 (+0.11%) and the S&P BSE SENSEX trading at 74,556.68 (+0.26%).