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Nifty trades below 23,800; PSU Bank slumps
The Nifty traded below the 23,800 level. PSU bank extended losses for the second consecutive trading session.
Nifty PSU Bank tanks 6%; Bank of Maharashtra, UBI, BOI, PNB plunge up to 9%
At 09:32 AM on Monday, the Nifty PSU Bank index was the top loser among sectoral indices, down 5.4 per cent as compared to 2.8 per cent decline in the Nifty 50.
Sensex crash over 2,235 in early trade; VIX surges 20.82%
The Nifty traded below the 23,750 mark. All sectoral indices on the NSE were traded in the red, with PSU bank, auto and healthcare shares declining the most.
Stock market BIG BREAKING: Sensex falls 2000 points, Nifty opens below 24000, SBI down 4% - all you need to k - India.Com
Stock market BIG BREAKING: Sensex falls 2000 points, Nifty opens below 24000, SBI down 4% - all you need to kIndia.Com
Mcap of 8 of top-10 most valued firms erodes by Rs 2.81 lakh cr; SBI biggest laggard
The combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore last week, with the State Bank of India taking the biggest hit, in tandem with a weak trend in equities.
Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari
The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori
Sensex, Nifty log biggest weekly fall in over a year; Nifty PSU Bank drops over 6%
Indian equity benchmarks fell sharply, with Sensex and Nifty dropping about 3%. Financials dragged, while defence stocks gained nearly 6%.
Sensex Today Trades Lower | Nifty Below 24,650 | HDFC Bank & Tata Steel Top Losers - Equitymaster
Sensex Today Trades Lower | Nifty Below 24,650 | HDFC Bank & Tata Steel Top LosersEquitymaster
Watch | Rahul Sharma's make-or-break level for the Nifty is still 1,000 points away
JM Financial’s Rahul Sharma said the Nifty remains in a narrow market phase where a limited number of stocks are supporting the index, similar to the trend seen in 2017–18. He said the index has immediate support at 24,000, while 23,500 is the key “make-or-break” level for the current market structure. Sharma believes any correction could offer buying opportunities in quality stocks, highlighting public sector banks, PSUs and select large-cap names such as Larsen & Toubro, State Bank of India and Titan.
Sensex surges 900 points, Nifty ends at 24,766; Adani Ports, BSE, Mazagon Dock rally
Broader markets outperformed the benchmarks during the session. The Midcap index climbed 867 points to end at 57,793, while the Nifty Bank index advanced 301 points to close at 59,056.
SBI inducts 5,783 junior associates to strengthen branch banking services
State Bank of India has recruited 5,783 junior associates. This hiring strengthens customer service and branch operations. The bank added over 18,000 employees this fiscal year. This is a significant talent induction drive. SBI aims to onboard 16,000 employees annually for future growth. The bank is committed to creating employment opportunities and delivering superior service.
SBI hires 5,783 as part of expansion drive
State Bank of India inducted 5,783 junior associates from 9,00,771 applicants. With this round of hiring, SBI has recruited more than 18,000 employees across roles and grades during the current fiscal year, marking one of its largest talent induction initiatives in recent years. SBI shares ended in the red at ₹1,173.30 on March 4.