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Nifty Bank falls 11% since start of Iran-Israel war: What lies ahead?
Escalating Middle East tensions and soaring crude oil prices are significantly impacting India's banking sector, pushing the Nifty Bank index down nearly 11% in March. Concerns over rupee depreciation, rising inflation, and potential disruptions to trade routes are fueling investor worries and leading to substantial FII selloffs, creating a bearish outlook for bank stocks.
YES Bank appoints Vinay Tonse as CEO and MD for three-year term
Former SBI managing director will take over from Prashant Kumar on 6 April as Japan's SMBC strengthens presence in the lender.
Private bank stocks slump up to 21% in one month, but Gurmeet Chadha sees value. Here's why
Despite private banks lagging the Nifty 50 and BSE Sensex recently, market veteran Gurmeet Chadha sees strong value in banking stocks, citing attractive valuations and a shift from LDR to LCR that could boost credit growth by 3–7%.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian stock markets, Sensex and Nifty, experienced a significant downturn on Wednesday. Both indices closed nearly 2% lower. This decline followed a surge in crude oil prices and heightened tensions in West Asia. Foreign fund outflows and selling in major bank stocks also contributed to the market's fall. Investors are now awaiting key inflation data from the US and India.
SBI ties up with MUFG Bank to finance M&A, aviation and real estate deals
The agreement comes after the Reserve Bank of India issued the final guidelines for banks to finance mergers and acquisitions on 13 February, executing a significant regulatory shift that's expected to boost deal funding by domestic lenders.
Sensex tanks 1,342 pts, Nifty below 23,900 as geopolitical tensions weigh
The key equity benchmarks ended with sharp losses on Wednesday, dragged down by selling in select heavyweights. Geopolitical tensions in the Middle East, particularly the ongoing US-Iran conflict, continued to weigh on market sentiment. Despite earlier expectations that the conflict might end soon, the situation in the region remains tense. Sustained selling by overseas investors over the past several sessions also pressured the market, while the rupee weakened further against the dollar. The Nifty ended below the 23,900 level, led by declines in auto, private bank and financial stocks. However, pharma and healthcare stocks bucked the broader weak market trend.
Nifty Bank crashes 8% in March so far: What’s driving the sharp selloff?
The Nifty Bank index has crashed 8% so far in March. From the index, stocks such as Bank of Baroda, Federal Bank, Punjab National Bank, Union Bank, and Canara Bank are down 10-11% this month.
Sensex nosedives 1,342 pts; Nifty sinks below 23,900 level; VIX jumps 11.41%
Nifty ended below the 23,900 level. Auto, private bank and financial services shares declined, while pharma, oil & gas shares and healthcare shares advanced.
Top Gainers & Losers on Mar 11: Apar Industries, Redington, Axis Bank, Finolex Cables, TVS Motor among top losers
The Indian stock market declined on March 11 due to heightened Middle East tensions, with the Nifty 50 down 1.63% and the BSE Sensex falling 1.72%. Most sectors were affected, especially auto and private banks, while pharma and oil & gas saw slight gains.
Stock Market Fall: India's three largest lenders wipe out nearly ₹50,000 crore in market cap
None of the 45-50 analysts who have coverage on HDFC Bank, ICICI Bank or SBI, have a "sell" rating on the stock. HDFC Bank has lost over ₹25,000 crore in market cap today.
Stock Market Today: Axis Bank, ICICI Bank, HDFC Bank Share Price Drag Bank Nifty Down 1% - Samco
Stock Market Today: Axis Bank, ICICI Bank, HDFC Bank Share Price Drag Bank Nifty Down 1%Samco
Sensex Today | Stock Market LIVE Updates: Nifty falls below 24,100 mark as markey extends losses
Sensex Today | Stock Market LIVE Updates: The markets are trading on a cautious note. The Nifty index is trading with an uptick of around 10 points, rising towards 24,300. The Nifty Bank index is under pressure, falling 250 points and dropping below 57,000. ICICI Bank, Kotak Bank, and HDFC Bank are amongst the biggest laggards.