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Nifty Outlook for June 15: 24,000 back on the radar as index breaks out of range
Bank Nifty continued to outperform the broader market and ended the week with gains of more than 4%, closing at 56,815. The banking index played a crucial role in supporting the benchmark during the first half of the week and later emerged as the key driver of Friday's rally.
IDFC First Bank Case: CBI Chargesheets Nine Accused Over Rs 657-Crore Embezzlement
The accused have been booked under sections relating to criminal conspiracy, criminal breach of trust, forgery, and cheating.
SBI, Bank of Baroda plan first dollar bonds under RBI subsidy window
Both banks are targeting to raise around $500 million through five-year dollar bonds
Did City Union Bank share price really crash 23% in today's trade? Here's what happened
City Union Bank shares plunged over 23% on June 12 due to a 1:3 bonus issue adjustment. Despite the apparent drop, shares rose 8% post-adjustment, reflecting positive investor sentiment. This bonus issue is the bank's first in eight years.
Bank Nifty Outlook: Here are the key levels for the banking index after Tuesday's breakout
The first level to watch on the upside now for the Nifty Bank is the May 25 closing level of 55,293 or close to the 55,300 zone, above which, the index could also retest the recent swing high of 55,405, which was the intraday high on May 25.
Nifty Outlook for June 10: Two things that need to fall in place for the index to breakout
For Wednesday's midweek session, Tuesday's high of 23,279 will become the first level to cross for the bulls before an attempt is made to sustain above 23,300 levels. At this juncture, with the underperformance of IT, HDFC Bank and the volatile moves seen in Reliance Industries, 23,500 appears distant.
IDFC First, Federal, BOB, PNB, Canara Bank gain up to 4%; here's why
At 11:26 AM on the Tuesday, the Nifty Bank and Nifty Private Bank index (up 1 per cent each) and Nifty PSU Bank index up 2 per cent outperformed the Nifty 50, which was down 0.03 per cent.
IDFC First Bank to ICICI Bank, SBI: Nifty Bank jumps over 1% as RBI swap facility lifts bank shares
The RBI's new swap facility aims to lower hedging costs for banks on foreign borrowings, enhancing liquidity. Despite recent gains, analysts suggest caution as the Bank Nifty remains volatile within a broad trading range.
Explained - The key factors behind the rally in banking stocks on Tuesday
Shares of Punjab & Sind Bank and Bank of Baroda are the top gainers on the PSU Bank index, trading with gains of around 1.5%, while IDFC First Bank is among the top gainer on the Nifty Bank index, trading 4% higher after brokerage firm HSBC initiated coverage of the stock.
HSBC bets on this private sector lender for 26% upside; Check price target
HSBC expects IDFC First Bank's core pre-provision operating profit (PPOP) to grow at a compound annual growth rate (CAGR) of 35% between financial year 2026 and 2029, supported by strong loan growth and improving profitability metrics.
IDFC First Bank Ltd gains for fifth session
IDFC First Bank Ltd is quoting at Rs 72.5, up 0.21% on the day as on 12:44 IST on the NSE. The stock is up 0.26% in last one year as compared to a 7.43% slide in NIFTY and a 4.38% slide in the Nifty Bank.
IDFC First Bank shares fall after CBI conducts searches, lender shares update on Rs 646 crore fraud case
IDFC First Bank shares dipped as the CBI conducted searches in connection with a Rs 646 crore fraud case. A forensic review by KPMG confirmed collusion involving bank employees, government officials, and third parties. The bank has compensated the affected government departments and is cooperating with authorities.